What Kind of Insurance Does a Restaurant Need?
Your restaurant handles a lot. Some of your work is common to most companies, like managing employees and serving customers — but other tasks are unique to your industry. Owning a restaurant carries specific risks, as with all businesses. One of the best actions you can take to minimize your risk is to buy restaurant insurance.
Is Business Insurance Tax-Deductible? [Updated 2023]
When it comes to business expenses, the IRS will allow you to deduct anything determined to be both ordinary and necessary. To be ordinary, the expense must be common in your industry. Necessary expenses are items and services that are appropriate and helpful for your business.
Are Business Expenses During a Forced Shutdown Covered by Insurance?
How COVID-19 Could Impact Your Insurance
COVID-19 has been impacting just about every aspect of our lives, and the far-reaching effects of the pandemic could influence your insurance. Millions have been left unemployed and many are anticipating a recession. Given these circumstances, many people are seeking ways to lower their expenses.
Workers’ Compensation for Independent Contractors
Productivity Hacks for Small Business Owners
Does it seem like you never have enough time as the owner of a small business? Do you find yourself constantly running against the clock, struggling to get everything done before bedtime?
Best Lines of Credit for Small Businesses
Financing a business might seem like a challenge, but doesn’t have to be. In fact, there are many types of credit lines for small business owners to consider.
Insurance Questions Small Business Owners Should Ask
The U.S. Small Business Administration sets the standards for what qualifies as a small business based on either earnings or number of employees. The definition of small business varies by industry. For example, in some areas of power generation, 250 employees qualify as a small business while in some areas of snack food manufacturing businesses with fewer than 1,250 employees are considered small.
Do Home-Based Businesses Need Insurance?
Over half of the small businesses in the U.S. are home-based enterprises. Today’s numbers have it at around 52%, but research suggests that percentage will increase in coming years. You may be wondering, “do all of these home-based businesses need insurance?” There are as many types of home-based businesses as there are businesses. Some professionals freelance on the side, offering consulting services from home while working full-time. Others start companies in their bedrooms, hoping to grow their ventures.
Do Small Businesses Need Workers’ Comp Insurance?
Being a business owner, you’re probably well aware of all the different types of insurance you need. In fact, you can get business insurance, including commercial property insurance and general liability coverage, for just about any type of risk your company might face.
