Business Insights

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

What Every Employer Must Know About Their Group Health Plans

What Every Employer Must Know About Their Group Health Plans

Open enrollment for 2017 insurance plans is just around the corner. If you haven’t already started preparing for your employees’ enrollment in the 2017 group health plans, it’s definitely time to get started. Do you know what you need to know for a successful open enrollment this year?     What Do You Need to Know as an Employer for Open Enrollment? Do you have a grandfathered plan? Knowing whether or not you have a grandfathered plan is critical to making sure you are following the right guidelines. It’s also... Read More

Protect Your Right to Choose Your Healthcare–Vote No On Amendment 69

Vote No on Colorado Amendment 69

Election time is just around the corner, and this election is critical not only to our country’s future, but to Colorado’s future as well. We’re not talking about just the presidential election, but there is a proposed constitutional amendment that Coloradoans must vote on this year that could impact our state forever. This is Amendment 69, also known as ColoradoCare. It proposes that we allow the state of Colorado to take over our healthcare and make it a government entity. If Amendment 69 passes Colorado’s state budget will increase by... Read More

8 Easy Steps to More Secure Passwords Now–Infographic

8 Easy Steps to More Secure Passwords Now

Are you an easy target for password hackers? Were you aware that more than half of all corporate data breaches are caused by weak or stolen passwords? According to Verizon’s 2016 Data Breach Investigations Report  63% of company data breaches happen because of weak or stolen passwords. Did you know that the average Internet user has 25 accounts to maintain? Despite the large number of accounts, most users only use an average of 6.5 different passwords to protect them, according to a Microsoft study. With identity theft and data breaches an ever-growing... Read More

Smart Phones Can Create Cyber Risks–Are You Protected?

Smart Phones Can Create Cyber Risks--Are You Protected

Smartphones and tablets have become essential in the modern business world. As usage soars, it is increasingly important to protect your company from mobile threats. The need for phone security is no different from the need for a well-protected computer network. According to computer security software company McAfee, cyber attacks on mobile devices increased by almost 600 percent from 2011 to 2012 and show no signs of slowing. Gone are the days when the most sensitive information on an employee’s phone was contact names and phone numbers. Now a smartphone... Read More

Top 10 Threats to Small Businesses—Part 2

threats to small businesses

Top 10 Threats to Small Businesses—Part 2 In our last post, we outlined some of the potential threats to small businesses. In order to develop a plan to manage and minimize risk, it is important to first know what those risks are. Some small business threats may be obvious such as theft, vandalism or fire hazards. Other risks are not so readily visible, such as the possibility of work injuries, data breaches or other legal risks. Part 2 of our Top 10 threats to small businesses outlines five more threats... Read More

Top 10 Threats to Small Businesses—Part 1

threats to small business

Optimism is the fuel that drives the entrepreneurial spirit, so it isn’t surprising that most small business owners consider themselves optimists. Too much optimism, however, can get a small business owner into trouble. A business plan built solely on the “best case scenario” is like a house of cards—one gust of wind (or fire or wrongful termination lawsuit) and the entire business can come crashing down. That’s why smart business owners temper their innate optimism with a healthy dose of reality. In other words, they learn to manage risk. The... Read More

4 Elements of a Successful Safety Program

4 Elements of a Successful Safety Program

No business wants employees injured on the job. A serious fire, a permanent injury, or the death of an employee or owner can be devastating to both those involved and the business. You may not always be able to prevent any injuries, but you can definitely reduce the risk—and you can do it without breaking the bank. You do need to use good business sense, though, and apply sound prevention principles. An accident happens because something went wrong. It may take some investigating to determine what, but an accident always... Read More

How to Save Money on Your Workers’ Compensation Insurance

How to Save Money on Your Workers’ Compensation Insurance

Workers’ Compensation Insurance can be one of the largest insurance expenses for small businesses—and it’s not an optional coverage. All businesses with employees must carry Work Comp Insurance. Just because it’s mandatory, though, doesn’t mean you can’t control your costs. There are many things you can do to help keep workplace injuries down and Work Comp costs under control. Here are three areas where you can make a difference and save money on your Workers’ Compensation Insurance. For more information about controlling Work Comp costs, give Roper Insurance a call today... Read More

4 Reasons You Need Key-Person Insurance Now

4 Reasons You Need Key-Person Insurance Now

Key-Person Insurance is life and/or disability insurance on the critical employees in your company. This could be business partners, executive officers or other key employees upon whom the success of the business depends. If your business isn’t protected, an unexpected injury, illness or death could torpedo the success you’ve worked so hard to achieve. Key-person insurance can protect that success and help keep your doors open. Here are four ways key-person insurance can benefit your company and why you need it today.   Maintain Revenue During a Transition If you... Read More