Wednesday, July 29th, 2009

l business owners rely upon their personal insurance to cover their small business. This is, especially true, of home business owners. However personal insurance is not designed to cover a business, and if you do need to make a claim, you may find yourself under insured, or even uninsured!For instance, your home property insurance may have a limit of a few thousand dollars for the contents of your home. If you have computers, other business machines, or especially, business records, a loss can be much larger. It would be tragic to have an accident or damage to your home that also destroyed your business assets, and then to find that you cannot make a claim to cover your business loss.Another common example is for auto insurance. If you bought a personal insurance policy several years ago, you may not remember the mileage or use you claimed. If you claimed that your mini van was only used for errands and soccer games, and then had an accident while using that vehicle to transport business supplies, the insurance company may have a reason to deny the claim!Many small business owners even allow employees to use their personal cars for business. But if an employee is involved in an accident while doing your business, can ...
Tags: Business Records, Commercial Insurance, Small Business Owners
Posted in Business Insurance | No Comments 
Tuesday, June 2nd, 2009

Most small businesses have fewer than 5 employees. So what does a small business owner do when your small company with relatively few employees has a key employee who wants to take vacation? You cannot deny their vacation or they may not be around for much longer! But when your top performers are out for a week or longer, how do you keep things running smoothly? Or, even worse (in the business person’s mind), what do you do when a key employee wants to take maternity or family leave?Yes, as a small-business owner you can still maintain a well-functioning business when employees go on a two-week vacation or take a multi-week maternity leave. (By the way, the laws around family leave apply to businesses with more than 50 employees. So it is not mandatory if you have fewer employees to provide those full benefits. However, providing a portion of such benefits by incorporating some of the options below will help you retain excellent employees and build loyalty.) Below are some tips and explanations on how to keep your business running smoothly when certain employees go on leave or vacation. These tips follow:Vacation1. Have the employee who will be on vacation write a list of items that need to be taken care of ...
Tags: Explanations, Small Business Owner, Small Business Owners
Posted in General, Maternity Leave | No Comments 