Regulations in Nebraska require most employers with at least one employee to maintain workers’ compensation insurance. Failure to do so can result in the employer being responsible for the costs of accidents as well as face penalties and fines. Employers can expect to pay $1.14 per $100 of payroll in workers’ comp premiums. Shopping for…
What Is Business Banking?
Business banking refers to banking transactions that are specific to business clients. Business banking services include loans, credit cards, savings accounts, and checking accounts designed to meet the needs of businesses rather than individuals. The term business banking is also used interchangeably with commercial banking. Business banking is best for sole proprietorships, partnerships, limited liability…
Virginia Workers’ Compensation: Laws, Providers & Rates
Workers’ comp is required by law in most states, and Virginia employers must carry a policy once they regularly employ more than two employees. The average cost of workers’ compensation insurance in Virginia is 74 cents per $100 of payroll. is a small business insurance expert with decades of experience helping owners just like you….
5 Best Bank Accounts for Self-employed Professionals in 2021
The last thing you need as a self-employed professional is complicated banking. That’s why the best banks for self-employed individuals offer free or low-cost business accounts, easy-to-use mobile and online apps, and software integration that simplifies accounting. In this article, we’ve listed banks that provide the best business checking accounts for self-employed professionals who like…
Texas Workers’ Compensation: Laws, Costs & Providers
Texas workers’ compensation laws are unique because they don’t require employers to have coverage. Businesses that do buy policies are covered for their obligations after a worker is injured, including the workers’ medical expenses, prescriptions, and partial weekly wages. Texas employers can expect to pay an average of 55 cents for every $100 of payroll…
Maryland Workers’ Compensation Insurance: Laws, Providers & Rates
Workers’ compensation laws in Maryland require any employer with one or more employees to maintain workers’ compensation insurance. Policies pay the costs associated with employees getting hurt while performing job duties. Maryland business owners pay an average of $1.01 for every $100 of payroll for workers’ compensation insurance. What Are Maryland Workers’ Compensation Requirements? Workers’…
Remote Deposit Capture: An Overview
Remote deposit capture processes check deposits using electronic images instead of the actual paper checks. This digital-based facility is offered by both traditional and digital banks, allowing clients to process check deposits remotely using a computer or a smartphone and an internet connection. This banking feature allows your business a convenient, secure, and easy way…
Illinois Workers’ Compensation Insurance: Providers, Rules & More
Workers’ compensation insurance is required by law in most states. Policies cover injured employees’ medical bills and lost wages and death benefits if an employee dies from a workplace incident. In Illinois, employers must get coverage even if they have a single, part-time employee, and they pay an average of $1 per $100 of payroll….
The Complete Guide to Business Email
No matter how big or small your organization is, companies of all sizes need professional email. Having an email address that uses your own domain name (e.g., name@yoursite.com) makes your business not only appear professional, but also credible and legitimate. We’ll tell you everything you need to know about business email, including how to set…
New York Workers’ Compensation: Laws, Providers & Rates
New York workers’ compensation insurance pays for medical costs, such as medications and rehabilitation services, and lost wages when an employee is injured at work. Workers’ compensation policies in New York cost an average of $1.41 per $100 of payroll paid, but premiums vary by business type, past claim history, and carrier. In New York,…
How a Business Bank Account Will Benefit You Immediately
If you’re wondering if you need a business bank account and don’t know where to start, consider the benefits first. Business bank accounts help separate your business finances from your personal finances and help protect your company assets. These accounts also serve to simplify your taxes and allow you to build a banking relationship that…
When an Online Bank Is Right for Your Business & How to Use One Safely
Online banking is as common as banks themselves, but what is an online bank? Online banks offer banking products and services that help you maintain and manage your finances, such as checking and savings accounts, but without the physical locations of a traditional bank. Online banks sometimes have fewer account options, and cash deposits often…