Business Insights

Bill to Offer Comp Time Advances to Senate

Bill to Offer Comp Time Advances to Senate

While comp time, also known as compensatory time, has long been a common practice for many federal and state employers, it has not been allowed for private employers. The Working Families Flexibility Act is set to change that. The Act would amend the Fair Labor Standards Act (FLSA) to allow comp time for certain employees, if certain conditions are met. This bill (also known as H.R. 1180), will authorize private employers to offer compensatory time instead of overtime pay for nonexempt employees who work more than 40 hours per week.... Read More

How to Protect Your Network from the WannaCry Ransomware Virus

How to Protect Your Network from WannaCry Ransomware

This week’s news headlines are full of warnings about the WannaCry Ransomware. This Ransomware virus has spread through more than 150 countries and to more than 300,000 people since the end of last week. It’s affected everything from home users to large corporations, small businesses and even caused hospitals in the UK to have to turn away patients and reschedule surgeries. Security experts are working furiously to stop the spread of the virus, track down those responsible and help businesses restore their data. Nobody knows who is behind the attack,... Read More

How Will Your Business Survive A Disaster?

How Will Your Business Survive A Disaster

Disaster can strike anytime, anywhere, and often with little or no advance warning. Here in Colorado, we’ve seen disasters of all types in recent years, from natural disasters like floods, fires and tornadoes, to human-caused disasters like accidents and oil spills  According to FEMA and the Insurance Information Institute, as many as 40 percent of businesses forced to suspend operations due to a natural or human-caused disaster never reopen their doors. Have you thought about the challenges and struggles your business would face in the wake of one of these... Read More

Do You Know What You Need to Know About Liability Insurance?

Do You Know What You Need to Know About Liability Insurance

Liability insurance is a must for every business. Liability insurance protects your business from loss should you be liable for damage or injury. However, a single liability insurance policy may not cover every possible type of liability. The basic liability insurance policy that every business needs to have is called Commercial General Liability Insurance. Commercial General Liability insurance protects your business from financial loss if you are found liable for property damage, or injury caused by your services, your business operations or your employees. It also covers non-professional negligent acts... Read More

7 Ways to Avoid Becoming a Cyber Crime Victim

7 Ways to Avoid Becoming a Cyber Crime Victim

Is your business safe from cyber crime? While no business is immune, there are steps you can take to reduce your risk. What are you doing to avoid becoming a cyber crime victim? When we think of cyber crime, including computer hacking and data breaches, we most often think of large corporations, the businesses we hear about on the evening news. But businesses of all types and sizes are at risk, and cyber criminals are increasingly targeting smaller businesses in the hopes that they do not employ the same security... Read More

How to Control Work Comp Costs Through Successful Premium Audits

How to Control Work Comp Costs Through Successful Premium Audits

Work Comp can be one of the most expensive and most frustrating of insurance costs for small business owners. There are many ways to control work comp costs, and many insurers and safety experts provide safety training and resources to help reduce injuries. There is another way to control your work comp costs, though, that isn’t talked about as much. And that is to make sure that you’re not paying too much for your coverage to begin with. Besides finding the right work comp insurance company, you also need to... Read More

Serious Workplace Injuries: When Are You Required to Report to OSHA?

Serious Workplace Injuries: When Are You Required to Report to OSHA?

Serious workplace injuries can be complicated. When an employee is seriously injured—or worse–on the job, our priority is usually providing the medical attention they need, reassuring and dealing with other employees and notifying family members when necessary. Making an OSHA report isn’t usually the first thing that comes to mind. The Occupational Safety and Health Act of 1970 (OSH Act) requires covered employers to report certain work-related injuries and illnesses to the Occupational Safety and Health Administration (OSHA). OSHA is a part of the U.S. Department of Labor and is... Read More

Position Your Business for Success This Year

Position Your Business for Success this Year

Happy New Year! The holidays have come to an end and now is the time most of us turn our attention to our plans for the year. Have you already set your goals and direction for your business this year? Some business owners had them set months ago and some are still working out the details and direction while they recover from the year-end and holiday rush. Either way, here are three areas to work on if you want to position your business for success this year—and every year.  ... Read More

6 Easy Steps That Will Help You Achieve Success This Year

6 Easy Steps That Will Help You Achieve Success This Year

It’s that time of year again–time to put in place your plans and goals for success in the coming year. You’ve probably already read too many articles that tell you why you set New Year’s Resolutions or not set New Year’s Resolutions and how they help or hurt you. But the fact is, we all need to have a plan in place to accomplish the success we’re looking for. So, however you label it: success plan, New Year’s resolution, goal, strategy, there are definitely things you can do to increase your chances... Read More

How to Protect Your Company Against Employment Lawsuits

avoid-frivolous-employment-lawsuits

As a business owner, your goal is to hire the most qualified employees. Unfortunately not every hiring decision goes as planned. Even if an employee is terminated for legitimate reasons— such as poor attendance or unsatisfactory work habits—every termination opens the door for a potential lawsuit. Read one business owner’s experience and then learn how employment practice liability insurance (EPLI) can help protect you and your company from costly, frivolous lawsuits. When Mary, a Colorado business owner, received a complaint that her sales manager made crude, disparaging remarks to a... Read More