Insurance: an essential safety net How to react when faced with a business lawsuit Navigating the legal landscape of business Understanding business lawsuits Knowledge is power. Let’s get a deeper appreciation of one of the main legal threats a business can face: business lawsuits. What is a ...
Business insurance provides a safety net that can shield your assets and help your business stay afloat in case of accidents, lawsuits or other unexpected events. When applying for insurance, you’ll want to first assess the nature of your business and identify the specific risks it may face....
Coverage in the event of a lawsuit for wrongful termination, sexual harassment, discrimination, violation of the Family Medical Leave Act and more. Umbrella Insurance This is an affordable option for additional financial protection when liability limits are reached on other policies such as your BOP ...
For example, when filing corporate tax returns, a corporation is able to deduct medical insurance paid to employees, as well as other fringe benefits provided to its employees. This also includes benefits such as retirement plans or tax deferred trusts. Corporations can also deduct real estate inv...
Whether you have a fleet of vehicles to insure or just need property coverage for your home office, business insurance can be a lifeline if you face an accident, lawsuit or other unexpected event. Some 36% of small businesses have seen their premiums increase since 2023, according to J.D....
Why does a small business need insurance? Small business insurance protects your business from unexpected financial losses, including legal claims. For example, if a customer files a lawsuit because they got injured when they slipped and fell in your store, business insurance can cover the costs ...
Get proper insurance, set up internal controls, and stay current with regulations. A real estate partnership avoided major losses because they carried solid liability coverage when facing an unexpected lawsuit. Common Partnership Questions 1. What legal documents do we need? Get a solid partnership ...
In some cases, the insurance adjuster will be able to cut a check on-site after reviewing the damage. But for larger, more complex claims, payment processing may take a bit longer. What If My Business Is Sued in a Liability Lawsuit? What If an Employee Is Injured at Work? How Are ...
A Business Owner's Policy (BOP), or BOP Insurance, combines business property and business liability insurance into one convenient policy. BOP Insurance helps cover your business from claims resulting from things like fire, theft or other covered disaste
Most insurance policies havedeductibles, the amount the insured must pay toward a claim before the insurance company pays. Usually, the higher the deductible, the lower thepremiumor cost of the insurance. Premiums are commonly paid annually, quarterly, or monthly. Policies also state the terms of...