Risk
What Insurance Policies are Deductible?
As a small business entrepreneur, you probably have a variety of forms of insurance related to your business. With some of these policies, you are able to deduct the cost of the premiums you pay from your taxes, while with others you are not able to deduct the premiums. For still others, you can deduct…
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Professional Malpractice Insurance
Litigation is a part of the every day life of the average business owner and has been over the past few years. This is particularly true with respect to malpractice suits against licensed professionals. This category of risk generally applies to: Doctors Nurses Other medical practitioners Attorneys Certified Public Accountants Architects The importance of insurance…
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A Quick List of Common Types of Insurance Offerings
The article below gives a list of insurance types commonly offered through a business. Employee Term Life Insurance This is the most basic form of life insurance found in American businesses. Employers will either provide at no cost or offer on a payroll deduction basis, group term life insurance in conjunction with the company’s health…
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Internet Coverage
In addition to coverage of electronic data processing (EDP) risks, today’s business must consider insuring the risks of doing business on the Internet. Some issues that may require coverage include: Copyright issues Trademark violations related to a domain name Deceptive use of meta-tags Privacy issues related to information garnered from visitors Loss of functionality due…
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Lowering Online Fraud to Lower Transaction Fees
Fraud is undoubtedly the biggest problem facing merchants processing payments online. Fraud costs merchants and consumers millions of dollars every year in goods, services, fees, and penalties, and all merchants must be diligent about fraud protection to ensure happy customers—and good rates. Merchant processors will assess your fraud risk exposure based on a number of…
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5 Dangerous Myths of Network Security
Criminals love infiltrating small businesses because they can access useful, private information, often with minimal effort. They know many small business owners have a false sense of security regarding technology and, as a result, don’t take the actions necessary to protect their data. What follows are five common myths regarding network security. If you’ve ever…
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2 Golden Rules of Small Business Security
Think security is difficult and expensive? Think security is boring? Do you think “it’ll never happen to me”? Do you often say “I should worry about being secure but I’m too busy and I’m really not all that interested”? If you’ve answered yes to any of the questions above, you’re in the majority. Below you’ll…
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Building an Information Security Plan
With the increasing frequency of data theft attacks and the recent legislation adopted in states like Massachusetts and Nevada, many companies are facing the task of creating an Information Security Plan. Although the concept itself is not new, until recently, the Information Security Plan was generally only found in larger businesses, or in those with…
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Massachusetts 201 CMR 17.00: How Does it Affect You?
On March 1, 2010, the state of Massachusetts joined the ranks of other states like Nevada in enacting strict regulations for all public and private entities that store, transmit or have access to consumer personal information. Massachusetts, unlike other states, took the regulations a step further in mandating that all third party providers who do…
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Manage Passwords and More in One Place
If you’re like most entrepreneurs, you use the internet every day for a multitude of functions. Whether email, social media, news, or ecommerce, we visit countless websites every day that require you to sign up with an account. But what if you don’t know where to save your passwords or don’t have time to remember…
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