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,…
Ultimate Guide
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…
Employee Theft: Small Business Guide (+ Policy Template)
Employee theft is stealing an employer’s property or assets for personal use. It includes the more traditional ideas of theft, such as stealing merchandise or money, as well as stealing confidential data and “time” (i.e., not working as many hours as recorded or performing personal tasks on company time). Even small businesses are at risk…
SEO for Ecommerce Websites: The Ultimate Beginner’s Guide
Ecommerce SEO, or search engine optimization, is a set of practices for increasing your website’s performance in search engine results pages (SERPs). The goal of SEO for ecommerce is to improve your site’s visibility and gain more clicks while boosting conversions—ultimately leading to greater revenue. It’s important for online sellers, considering nearly 9 in 10…
Retail Commission Structure: Everything You Need to Know
A retail commission structure is when a business compensates an individual each time they close or contribute to a sale. Retail commission structures take many forms, from fixed to variable rates, and can be based on individuals or teams. You can also offer commissions to employees or contractors. Commission-based compensation is a store management approach…
CPA & Accounting Insurance: Cost, Coverages & Providers
Accounting insurance refers to the common policies that certified public accountants (CPA), bookkeepers, tax preparers, and accounting professionals need. Professional liability is the most important accounting insurance policy as it helps pay for legal fees and defense if a client accuses the business of negligence. Professional liability insurance for CPAs and accounting professionals costs between…
Packaging Supplies: How to Choose Packaging for a Product
As any retailer knows, getting your product safely to the customer is vital for fostering trust and loyalty. At the same time, going overboard on shipping supplies will lead to increased materials and shipping costs, which deter shoppers and cut into your bottom line. The challenge of packaging is to find the most secure, cost-effective…
Interior Designer Insurance: Cost, Coverage & Providers
Interior design insurance is a combination of policies that protect your business from financial loss from a claim of negligence. The primary policy for an interior designer is professional liability, followed by general liability and some form of first-property coverage, like inland marine and commercial property. Professional liability insurance for an interior designer can range…