Tags: Business Insurance

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

7 Unusual Ways to Save Money on Your Workers’ Compensation

7 Unusual Ways to Save Money on Your Workers’ Compensation

Do you pay too much for your workers’ compensation insurance? Have you taken all of the obvious steps to reduce the cost but wish there was still something more you could do? Sometimes it helps to get a little creative when considering ways to make your workplace safer and reduce the risk of on-the-job injuries. Here are seven unusual ways to save money on your workers’ compensation. While the benefits of these may not seem immediately obvious, over time you will be able to recognize their usefulness.   Choose a... 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

What is Key-Person Insurance and Why Do I Need it?

Protect key employees with key person insurance

Is there someone at your company—maybe even you—who is essential to the success of your company? Have you ever thought about what would happen to your company if something happens to that key person? Most businesses have at least one key employee who is essential to the company’s success. This person may be a partner, owner, majority stockholder or another individual who is crucial to the business. If this person unexpectedly leaves the company—due to a death or disability—it could make it hard for the company to survive and prosper.... Read More

3 Types of Business Insurance Every Company Needs

3 Types of Business Insurance Every Company Needs

Business Insurance is an essential expense for every company. But how much insurance and which types does your company need? The best way to make sure your business is properly insured is to meet with your insurance agent. But to get you started, here are three types of business insurance every company needs. Property Insurance Business Property Insurance protects business structures and their contents against loss due to fire, theft or certain other disasters. Whether you own your business buildings or lease them, you need to make sure that they... Read More

Top 7 Threats to Small Businesses

Top 7 Threats to Small Businesses

Optimism drives the entrepreneurial spirit, so it isn’t surprising that most small business owners consider themselves optimists. Too much optimism, though, 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 lawsuit) and the entire business can come crashing down. That’s why smart business owners temper their optimism with a healthy dose of reality. In other words, they learn to manage risk. The first step in implementing a comprehensive risk... Read More

Do I Need E&O Insurance?

Do I Need E&O Insurance? Errors & Omissions

We have some good news and some bad news. The bad news: Lawsuits, once a measure of last resort, are now commonplace in settling disputes. The good news? You can protect yourself, and your business and reputation, by investing in professional liability coverage, also known as Errors and Omissions (E&O) insurance. E&O insurance is supplementary liability insurance that enhances any business owner’s policy by safeguarding against catastrophic loss in the event of a lawsuit due to a negligent act, error or omission by the professional.  In addition to claims of... Read More