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…
Ultimate Guide
What Is a Pay Card: How They Work, Regulations, and 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,…
How to Buy a Franchise Restaurant in 2024: The Ultimate Guide
Whether you’re a seasoned restaurateur or a first-time entrepreneur, the decision to venture into the food service industry demands careful consideration and strategic planning. Buying a franchise restaurant presents itself as a compelling option for restaurateurs in 2024. The allure of franchising has grown significantly among those who prefer structure and support when entering the…
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…
How to Get a Liquor License + State-by-State Guide
Before you start dreaming about clinking glassware around your bar top, you have one hurdle to get over—getting a liquor license. A liquor license allows your bar, restaurant, or liquor store to legally sell alcohol. The type of liquor license you need will vary based on the type of alcohol you sell. You should expect…
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…
Builder’s Risk Insurance: What It Is, Coverage & Cost
Builder’s risk insurance is a specialized commercial property insurance available as a standalone policy or as an endorsement. It covers damage to a building project or a renovation during construction and ends when the project is completed. Policies usually cover named perils like fire, theft, and weather events. Builder’s risk insurance costs will usually run…
Pennsylvania Business Insurance: General Liability & More
While the Keystone State played an important part in early American history, small businesses are an important part of its economy. Pennsylvania business insurance is crucial to providing financial help when a business has damage or faces a liability claim. Some key Pennsylvania small business insurance policies are workers’ compensation, general liability, professional liability, and…