The Buckeye State has a strong manufacturing and export sector that is comprised mostly of small business owners. Ohio small business insurance plays an important part in the state’s economy. Business owners are required to purchase workers’ compensation and commercial auto insurance, and the other important coverages to consider are general liability, professional liability, and…
Ultimate Guide
What Is a Short Sale in Real Estate? The Ultimate Guide
Whether you’re a new or experienced real estate investor, you may have asked, “What is a short sale in real estate?” The simple answer is that a short sale is when a homeowner owes more for their home than its current market value and puts it up for sale. Their short sale mortgage is said…
Do You Need a Business Bank Account? Benefits & Drawbacks
You should have a business bank account for your company’s finances, regardless of your business size. With one, you can keep your personal and business assets separated, which protects both your company and your personal finances. Having a business bank account also allows you to build a relationship with your business bank, which will help…
Security Guard Insurance: Cost, Coverage & Providers
Through a combination of first and third-party policies, security guard insurance helps protect against financial losses for your business. When you combine the different policies needed, like general liability and commercial property, they form what is called security guard insurance, and the estimated total minimum premium for all core policies can start at $7,300 annually….
What Is Business Banking?
Business banking, also known as commercial banking, refers to the products and services financial institutions provide to meet the unique needs of business clients. Examples of business banking products include business checking accounts, savings accounts, loans, and credit cards. Business banking can be used by companies with any organization entity, including sole proprietorships, partnerships, limited…
What is a Pay Card: How They Work, Regulations, & Pros & Cons
A pay card (also known as a payroll card) is a prepaid debit card employers use to pay employees who don’t have bank accounts. Although regulated by federal and state law, they’re similar to direct deposits in that money is sent electronically, and setup is sometimes free. Pay cards are available from dedicated providers, banks,…
Veterinary Practice Insurance: Cost, Coverage & Providers
Insurance for veterinarians covers the risks of caring for animals, dealing with pet owners, and running a medical facility. It also helps a veterinarian if their property is damaged and they need to file a claim. It is a combination of multiple policies, including veterinarian liability insurance, malpractice, commercial property, and animal bailee insurance. The…
Cyber Liability Insurance: Cost & Coverage
If your business is the victim of a cyberattack, you will have to deal with costly expenses, such as paying for data restoration, investigations, customer notifications, regulatory fines, and legal fees. Cyber liability insurance can help mitigate the cost of the incident and provide legal counsel and defense. Cyber insurance premiums can range from $250…