Insuring_Your_Home_Based_Business

Do you operate a business out of your home? Have you specifically covered your business assets? If you haven’t, you have a potential problem. Fact: A typical homeowners policy does not cover your business. Your coverage for business assets in your home is probably limited to $2,500. Coverage of liability due to a business activity…

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How_To_Negotiate_A_Personal_Guarantee

Personal Guarantees are a part of doing business. You need a loan, you seek a loan, and the lender requires a guarantor to sign the loan agreement. There are no ways around this. However, there are ways to negotiate a deal so that your personal assets are not entirely at risk of being liquidated in the…

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Any business or individual that manufactures, distributes, or uses alcoholic beverages is at risk of being held liable for the actions of drunk patrons. Although this risk can occasionally affect individuals at home, it generally applies to commercial enterprises such as restaurants, bars, package stores, private clubs, and sports facilities. Liquor liability is a serious…

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Q. I own and operate a successful one-man business. I worry about the possibility that I could be unable to perform work due to accident or illness. What can I do to prepare for this scenario? The two basic disability protection considerations for sole proprietors are personal income and keeping the business going. Other than…

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Workers_Compensation_Insurance

Workers’ compensation laws mandate that employers cover their employees for injuries incurred while on the job, whether on company property or at another location on company business. For example, a delivery person would be covered for an injury loading his truck on company property, an injury while unloading his truck at the customer’s site or…

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What_Is_Disability_Insurance

Disability insurance is a form of coverage that will replace a percentage of your income should you be unable to work because of injury or illness. Most policies are written for a specific monthly benefit—the face amount of the coverage. The upper limit is typically between 50% and 70% of your earned income. Types of…

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With interest rates continuing to hover around record low rates, Gen X’ers and Baby Boomers are swallowing up investment properties all around the United States. Even though recently an article came out from the N.Y. Times that home ownership is down to a record low of 62.9% (which is the lowest in fifty years), the…

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Business_Liability_Insurance

Your company can be held liable for its actions, which cause: Injury to another person Damage to the property of another person Your company can be sued for such injury or damages, even if it didn’t cause them. You don’t have to be guilty to be sued. Even if a lawsuit has no merit, the…

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How_To_Adopt_A_DBA

Do You Need a DBA? Filing a DBA (“Doing Business As”) is a common step for businesses. Depending on your state, the DBA might also be called a “trade name,” “assumed name,” or “fictitious name.” A DBA allows you to conduct business under a different name for advertising, branding, and other things. The legal name…

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