Tags: Small Business

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

7 Ways to Prevent Data Breaches

7 Ways to Prevent Data Breaches

Cyber security is on everyone’s mind these days. And it should definitely be on the mind of every business owner.  With as many as one in four businesses suffering a data breach, and nearly 50 % of all American adults having been affected by data breaches, it is a critical issue. Data breaches cost our economy $100 billion each year. For a small business owner, each comprised customer record can cost upwards of $200, and countless more in lost trust. While the number and scope of data breaches continue to... Read More

Happy National Small Business Week!

small business resources for success

It’s Small Business Week. May 4th-8th has been designated as Small Business Week by the Small Business Administration. As part of this week, the SBA has some exciting opportunities available. In addition to these SBA opportunities, there are many local resources available to help you start or grow your small business. First is the network of Small Business Development Centers. These are found in major cities in every state. At the SBDC, you can receive low-cost training, consultations and assistance for starting and growing your small business. Here in Colorado,... 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

Five Ways to Increase Productivity

Five Ways to Increase Productivity

Would you like to get more done every day? Engage more prospects? Close more sales? Make more money? Of course, you would—who doesn’t want to be more successful? Here are five ways to increase your productivity—and become more successful. Know Your Goals When you start work in the morning, do you know what you’re going to do that day and how you’re going to do it? If you don’t have a plan and a goal, how will you know when you’ve reached it? Take a little time at the beginning of... Read More

Five Things You Need to Know About Small Business Insurance

Five Things You Need to Know About Small Business Insurance

Every business should be insured, but as a small-business owner the maze of insurance coverages, policies and carriers can be confusing and overwhelming. While it is good to talk with your fellow entrepreneurs, the best place to get insurance information is from an independent insurance agent who specializes in business insurance. Business insurance agents are familiar with a wide range of business needs, can help you understand the different business insurance coverages and will help you determine which type of business insurance is best for your company. Here are five... Read More