Tags: Small Business

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

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