Staffing agencies serve an important role in our economy, helping businesses find staff and the unemployed find work. Behind the scenes, staffing agency insurance protects the business from claims of negligence by investigating and, if necessary, defending the insured. As a single policy or combination of policies, it can help with liability and repairing or…
Ultimate Guide
What Is an Accounts Receivable (A/R) Aging Report?
An accounts receivable aging report shows all unpaid customer invoices grouped by the number of days outstanding. Its primary purpose is to keep track of unpaid customer invoices and how long they remain unpaid. A summarized A/R aging report will have one total for each customer broken up by the age of the invoice, which…
What Is Form 5500 & How to Fill It Out
IRS Form 5500 is a form that must be filed annually by companies that sponsor an employee retirement plan. Its main purpose is to provide information about the plan, such as its financial condition and allocation of investments. The form typically needs to be filed on the last day of the seventh month after the…
Swim Instructor Insurance: Cost, Coverage & Best Providers
Swim instructor insurance is a policy providing liability coverage for someone who directly oversees training. When trying to find insurance, know that the providers of this insurance sometimes lump swim instructors into “sports instructors,” which cover a range of athletic activities. Thus, insurance options vary widely. Ideally, a policy that combines professional liability and general…
Washington Business Insurance Guide
Washington, appropriately nicknamed the Evergreen State, is beautiful and one of the leading producers of apples and other fruits in the US. It’s famous for being the headquarters for Microsoft and Boeing, but nonetheless, small businesses make up a bulk of the state’s economy and employment. Small business insurance is an important part of helping…
VoIP Phone Systems: A Guide for Small Businesses
Voice-over-internet-protocol (VoIP) phone systems go far beyond the capabilities of traditional telephony by providing a suite of calling features and collaboration capabilities with affordable pricing. Since they rely on the internet, users can make calls from anywhere, enjoy clear voice quality, and make flexible configurations. Read as we explain everything about VoIP phone systems and…
Employee Theft: Small Business Guide (+ Policy Template)
Employee theft is stealing an employer’s property or misuse of company 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). Our guide takes…
Food Vendor Insurance: Cost, Coverage & Best Companies
Food vendor insurance is a policy or a combination of policies that protect businesses from the financial loss of a claim. This can be a liability claim alleging negligence by the food vendor or a loss to business property. The average annual cost for the most common policy, general liability, ranges from $350 to $1,000….