Risk
How to Handle a Defamation Claim
One of the most serious legal issues you or your business could face is a claim of defamation from one of your employees. These charges can be extremely costly to your business, and you need a careful, trained hand to defend against them. Small business owners need to be aware of what constitutes a defamation…
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Small Business Mythbusters: Workers’ Compensation Insurance
Myth: Small businesses don’t need workers’ compensation insurance. No matter how small your business, it’s not just in your best interest to obtain workers’ compensation insurance—it’s also required in most states. All small business owners should familiarize themselves with their state’s laws, as they vary widely across the country. If mandated by your state, you…
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10 Tips for Buying Business Insurance
Buying insurance can be a frustrating process for business owners. Providing all the information to the insurer can be time-consuming, and if the policy is then declined it can be very disheartening, and the whole process can seem like a waste of valuable time and resources. But for all the difficulties, you need insurance, and…
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Consultant’s Corner: Accepting EMV Chip Credit Cards
Q: What does the EMV law of October 1, 2015, mean for small businesses in regards to the liability shift, and how does it affect customers? As of October 1, 2015, businesses that don’t accept EMV chip credit cards are responsible for paying for fraud that occurs on card-present, or point of sale, transactions other…
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Get to Know the Self-Directed Brokerage 401(k)
You would think because I’ve been doing financial planning for 25 years that I would be a flat out 100% advocate for 401(k) plans. With the ability today to put away money on a pre-tax basis in your 401(k) or now the use of a Roth 401(k) there are many different ways to save for…
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Employment Practices Liability
While many business owners take the time to protect themselves and their businesses from outside risks, these are not actually the largest risks you face. In many cases, you are far more likely to be sued by an employee than an outsider. Because of this, it’s important for you to think about employment practices liability.…
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Don’t Get Blindsided by Home Maintenance Surprises
As spring knocks on our door, the last thing any of us want is for summer to knock DOWN our door. Here are some helpful reminders of what to look for now so when the heat of summer arrives we have already prepared our homes for the potential damage that can come with it. Also, no one…
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Business Insurance: Special Risks Checklist
A prudent business owner will purchase a multi-peril policy. Generally, a multi-peril policy will cover risks that are not specifically excluded in the policy provisions. There are risks, however, that are outside the norm. Certain of these “outside the norm” risks may be applicable to a particular small business. The entrepreneur should be alert to…
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The Top Blog Posts of 2015
The New Year is fast approaching, and we’re taking the opportunity to look back at the best of the past year. Today, we’re sharing the top 10 most-read blog posts of 2015. Don’t miss them! Should I Buy a Company Car? Question: As the sole owner of an LLC, what are the benefits and downsides…
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Isn’t It Time to Refinance Your Life Insurance?
There’s a reason people love to shop at places including Costco and Wal-Mart. There’s the usual reasons that people like to get good deals, but more importantly if you are a smart money moves shopper, buying in bulk can often get you the best deal on what you buy if you really need the item.…
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