Is Business Insurance Essential for LLCs? What You Need to Know
Bethany » Small Business Insurance
by Paul Farjo
1M ago
Limited Liability Companies (LLCs) are a popular choice of business structure for entrepreneurs. They offer flexibility, tax benefits, and limited liability protection to the owners. However, as with any business entity, there are still risks involved in running an LLC. To protect their assets and mitigate potential financial losses, many LLC owners opt for business insurance.   In this article, we will discuss what LLCs are and dive into the important question: do you need business insurance for LLCs?   What is an LLC? A Limited Liability Company (LLC) is a hybrid business structure ..read more
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BOP vs Commercial Insurance Policies: What is the Difference
Bethany » Small Business Insurance
by Paul Farjo
5M ago
As entrepreneurs and business owners, safeguarding your venture against unforeseen challenges is non-negotiable. Amidst the myriad of options, the distinction between Business Owner’s Policy (BOP) and other commercial insurance policies becomes a pivotal point of understanding.    In this guide, we will delve into the nuances of BOP and commercial insurance policies, unraveling their components, coverage, advantages, and disadvantages to help you make an informed decision about protecting your business.   What is a BOP? A Business Owner’s Policy, commonly known as BOP, is a pack ..read more
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Business Owners Policy: What It Is and What Businesses Need It
Bethany » Small Business Insurance
by Paul Farjo
8M ago
As a business owner, protecting your venture from unforeseen risks is crucial to its long-term success. While many types of insurance policies are available in the market, one specifically designed to cater to small and medium-sized businesses is the Business Owners Policy (BOP).    This comprehensive insurance solution provides a range of coverages tailored to the unique needs of small business owners.    In this article, we will delve into what a Business Owners Policy entails, how it differs from other commercial insurance policies, and the benefits it offers to business ..read more
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What Are The Steps When Filing a Small Business Insurance Claim?
Bethany » Small Business Insurance
by Paul Farjo
10M ago
Sometimes, the unexpected happens. Whether it’s an accident, a natural disaster, or some other unexpected event that impacts your business operations, you may find yourself in the position of needing to file an insurance claim. Business insurance claims can be stressful and time-consuming but understanding the process can help make it smoother for everyone involved.   What is a Business Insurance Claim? Business insurance claims are requests for compensation that small business owners make to their insurer after a covered event has occurred. The type of claim will depend on the coverage a ..read more
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7 Cyber Threats Your Small Business is Facing Right Now
Bethany » Small Business Insurance
by Paul Farjo
1y ago
Small businesses are the backbone of the American economy, generating nearly two-thirds of new jobs since the early 2000s. But as the world moves online, small businesses are under constant threat from cyber criminals. With 43% of all cyber attacks targeting small businesses, companies need to implement and strengthen their SMB cybersecurity to keep their business safe. This article will outline seven of the most serious cyber threats your small business is facing right now, and provide tips on how to protect your business. 1. Ransomware Every 11 seconds, a company in the U.S. is hit by ransom ..read more
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Complete Guide to Insurance for Freelancers and Contractors
Bethany » Small Business Insurance
by Paul Farjo
1y ago
Freelancing is becoming more and more popular among the younger generations with over 58 million freelancers as of 2021. Being your own boss and working on things you actually feel a passion for is what many people dream of doing. By pursuing your passion as a career, you become responsible for protecting what you worked hard to create: your business. In order to avoid losing your dream, it’s important to get business insurance for your freelance gig. A shocking 41% of freelancers have not properly insured their business and think their personal insurance is enough to cover any business damage ..read more
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The Benefits of Offering Group Benefits
Bethany » Small Business Insurance
by Paul Farjo
2y ago
Small business insurance is universally accepted as part of running any business, but many overlook employee benefits. Employee benefits can actually give small businesses the edge when it comes to productivity, talent acquisition, loyalty, employee morale, and so much more. Why Should My Business Offer Group Benefits? Group benefits do more than just provide employees with a safety net when unforeseen circumstances arise. Group benefits, such as group health insurance, are also beneficial for a business for the following reasons: They increase competition among applicants to secure a positio ..read more
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