All small business owners should consider protecting their business with the right small business insurance. You can purchase online anytime, and be fully insured within minutes, so you can get back to business. Succession planning is an important part of any business, large or small, family-owned or publicly traded. The app can be installed in about 10 minutes, and it also uses a set-it-and-forget-it philosophy in managing your investments. You'll have the security of a line of credit you can use whenever you need it, wherever you are. Although there is only one checking account to choose from, its rates are competitive, starting at 0.10% APY.
Key man insurance and disability coverage are among many insurance products that The Hartford offers to small business owners. Commercial property insurance is a type of small business insurance and is not specific to any particular industry. When your property is damaged or destroyed, and you need business income coverage, a large provider like Nationwide, which specializes in protecting commercial property, can be a wise choice. Landscaping insurance is not an insurance type in itself, but there are certain types of insurance coverage or certain policies that landscaping businesses typically need. Common types of insurance included in a BOP are general liability insurance, commercial property insurance, and business interruption insurance. Although owners of landscaping businesses may need multiple insurance types, the most important coverage is general liability coverage, which is often sufficient to cover some of the greatest risk exposures, which are third-party bodily injuries and property damage.
Individual health insurance plans for small businesses are set up on a one-on-one basis by a dedicated health insurance agent. Unlike health insurance, dental and vision insurance plans might not be as much of a financial burden. Premium Reimbursement Arrangements are gaining widespread adoption because individual health insurance is now better, and less expensive, than group health insurance. Shopping for a health insurance plan can be overwhelming, especially if you are not familiar with some of the more common health insurance terms. The cost of group health insurance is becoming unsustainable for small businesses, startups, and small non-profit organizations. With the passage of the Affordable Care Act, health insurance has gotten even more difficult to understand.
Professional Liability Insurance protects your business if you are found to have committed errors or omissions while executing the professional services you provide. Depending on the state where you do business, you may need to be licensed as a landscaping contractor. The GEICO Insurance Agency, Inc. has teamed up with companies to help your business get the coverage you need. When you own a business of any kind, you need an insurance policy that will protect it. For a small business in Florida, or anywhere else in the world to succeed today, it has to be nimble and adjust to the changing times. Inflation-guard coverage, which automatically increases your insurance amount a certain percentage, protects against rising construction costs.
Talk to a certified agent today about what kind of coverage can help protect your business. Depending on where you are based, you might have to give overtime pay after an employee works eight or 12 hours in a workday, or you might have to pay double their regular rate of pay. When life throws a curveball at your business, how prepared you were in advance determines whether or not your business will survive. You wager your business acumen against larger, perhaps more heavily financed corporate groups and other free-spirited, self-employed individuals like yourself.