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Category: Tips For Business Owners

Understanding Workers’ Compensation Insurance

Understanding Workers’ Compensation Insurance

Original post 3-14-24 insuranceneighbor.com Get help from a local agency that will really work for you. We know workers’ compensation insurance needs. This type of insurance is one of the largest expenses your business must pay, and there are various insurance markets for your specific industry. You need an agency that will do the legwork to find the policy that will be affordable and best...

10 Time Management Techniques for Increased Productivity

10 Time Management Techniques for Increased Productivity

original post 3-19-24 insuranceneighbor.com In the fast-paced world we live in, effective time management is a key factor in achieving increased productivity. Here are ten specific techniques to help you optimize your time and enhance your overall efficiency. 1. Prioritize Tasks with the Eisenhower Matrix The Eisenhower Matrix is a powerful tool for task prioritization, dividing tasks into four categories: urgent and important, important but...

The Cost of Not Having Business Insurance

The Cost of Not Having Business Insurance

Original post 4-19-24 insuranceneighbor.com Running a business comes with many risks, from property damage to legal liabilities. While some business owners may see insurance as an unnecessary expense, the cost of failing to have adequate coverage can far outweigh the premiums paid. It is essential to understand the potential consequences of operating without business insurance. Financial Losses from Property Damage Property damage can occur unexpectedly...

Strategies to Combat Employee Theft

Strategies to Combat Employee Theft

Original post 5-4-24 insuranceneighbor.com   Employee theft is a major issue that many business owners must unfortunately confront, damaging employer-employee trust and creating an intolerable financial burden on operations. Taking proactive measures to prevent and address instances of theft is crucial to protecting the business community. On average, workplace theft results in a staggering $50 billion in losses each year. The Alarming Scope of Employee...

When to Consider Buy/Sell Protection

When to Consider Buy/Sell Protection

Original post March 28, 2024 insuranceneighbor.com Business partnerships are often built on trust and shared goals, but unforeseen events can disrupt the harmony. A buy/sell agreement is a strategic tool designed to address these uncertainties, providing a roadmap for buying or selling a business interest under specified circumstances. In this guide, we’ll define the concept and identify key triggers that activate buy/sell agreements. Understanding Buy/Sell...