A contractor controlled insurance program (CCIP) is a specific insurance policy purchased by general contractors to coordinate general liability for construction projects. Also called wrap-up insurance, CCIP insurance is controlled by contractors rather than project development owners. The cost for a CCIP starts at 1% of the construction costs with policy durations extending past construction…
Ultimate Guide
How to Use Square Inventory Management (+ Video)
Square offers a complete inventory management software, hosted within the larger Square POS system. Square POS is free to use with any Square account and can be accessed both through your browser and via the free Square POS iOS and Android apps. Learn how to use Square’s inventory management tools—from creating items to adding vendors,…
Business Landline Systems, Alternatives & What They Offer
The best business landline services provide excellent call quality, affordable equipment fees, and extensive call handling features, including call forwarding, call waiting, caller ID, and three-way calling. Still, modern office communications are clearly moving toward voice-over-internet-protocol (VoIP) calling, which always has these features and more. In this guide, we provide an overview of traditional landline…
What Is a Credit Card Surcharge? Merchant’s Guide
A credit card surcharge (or cc surcharge) is an extra fee applied when a customer chooses to pay via credit card instead of cash or check. Merchants have to pay payment processing fees to accept credit cards, and surcharging is when a business passes that fee on to the customer. Surcharging fees average around 2%–3%…
Hiring People With Disabilities: Benefits & How to Approach It
Hiring people with disabilities is an often overlooked strategy to compete in today’s business marketplace. By fostering a diverse and inclusive workforce, businesses cannot only enrich their corporate culture but unlock numerous benefits—financial and reputational—that may not be immediately apparent. The actual process of hiring someone with a disability is quite similar to hiring any…
Church Insurance: Top Companies, Cost & Coverage
Church insurance is several policies that, when combined, help protect churches from financial loss as the result of a first- or third-party claim. Common insurance for churches is general liability, commercial property, and workers’ compensation. General liability for a church can range from $700 to more than $3,000 annually. When it comes to religious institutions,…
AI in Retail: Small Business Guide
Artificial intelligence (AI) is the term for technology that employs machine learning and automation to make decisions and solve problems like a human would. Though it might sound futuristic, it is more common than you might think—in fact, the use of AI in retail already exists (online chatbots, for example), even if retailers don’t realize…
Guide to Gross Rent Multiplier for Investors + GRM Calculator
A gross rent multiplier (GRM) is a financial metric that evaluates and compares various investment properties to determine a property’s potential profitability. It is used by investors, both beginner and experienced, to decide whether a property is worth investing in. The GRM formula is one of the simplest and quickest methods for initial screens of…