Electrician insurance is a policy, or combination of policies, that protects your business from financial loss from claims of third-party property damage, workplace injuries, damaged business property, or business income loss. General liability insurance is the most common policy for an electrician but many may need more coverage, such as inland marine for their tools…
What is
Do You Need a Business Savings Account? 7 Key Benefits
Creating a dedicated business savings account is a great way to start building funds for emergencies, taxes, and other business goals. Business savings accounts are Federal Deposit Insurance Corp. (FDIC)-insured to keep your money safe and offer higher interest rates to help grow your balances. Without a savings account to separate your savings from your…
New Employee Welcome Email: How to Write, Templates & Types
A welcome email to a new employee is one of the most important communications you can have with a new hire. It not only gives them the information they need to start their new employment with your company but also sets the tone for their journey. As such, it should be friendly and informative but…
What Is a Payroll Report? Everything Your Small Business Should Know
Payroll reports are documents based on your payroll data, showing specific information about your business relating to tax liabilities, pay rates, and other financial data. You can create a payroll report for nearly anything you want—assuming you have the data in place—for both internal usage as well as required IRS filings. We’ll discuss the most…
Predictive Dialing Software: What It Is & Benefits for Small Businesses
A predictive dialer software app is a solution that uses artificial intelligence (AI) and machine learning (ML) to predict agent availability and adjust dialing rates in real time. It calculates the average call length and places multiple calls just before a representative ends a call. Statistical algorithms estimate the average number of calls it takes…
What Is an Ecommerce Platform? A Guide for Small Businesses
An ecommerce platform is a software solution that allows businesses to sell and consumers to securely buy products online. But it is also more than that—an ecommerce platform lets merchants manage and operate their businesses online, including organizing, marketing, selling, and shipping products. It also enables customers to find products, shop, pay, and manage their…
What Is Commercial Banking?
Commercial banking refers to the products and services designed to meet the financial needs of corporations, medium and large businesses, and government clients. Examples of commercial banking products include deposit accounts, commercial lending offerings, merchant services, and investment products. This contrasts with retail banking, which offers similar financial services to individual clients and the general…
What Is Employee Management + Tools & Tips
Employee management is a broad term that encompasses every aspect of managing, developing, and interacting with your employees. The aim is to give your team members every tool and advantage necessary to help them achieve their personal goals so that your company reaches its corporate objectives. When you understand how to manage employees in a…