Landscaping insurance refers to a policy, or combination of policies, that protects your business assets against claims that your business was negligent and caused harm. Landscapers need coverage for third-party claims, employee injuries, and business property damaged by theft or vandalism. Landscape insurance costs for general liability will range from $500 to $2,300 annually. Landscaping…
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What Are Accounting Controls? Types & Examples
Accounting controls are methods and procedures that prevent, detect, and correct misstatements that occur within the financial accounting process until the formation of the financial statements. They are one type of a larger set of internal controls that every business should follow. When we talk about accounting controls, we’re referring to controls within the accounting…
What Is a Reviewed Financial Statement? Scope & Relevance
A reviewed financial statement (FS) is a set of financial statements that a certified public accountant (CPA) has reviewed. In a review, the CPA only performs analytical procedures and inquiries to check whether the FS has no significant modifications and is compliant with the US GAAP. Unlike an audit, reviews aren’t extensive and detailed. They…
Loan-to-Cost Ratio: What It Is & How to Calculate It
The loan-to-cost ratio, also known as LTC, is a calculation that’s used to evaluate the costs of a commercial real estate project. It is calculated by taking the loan amount of a commercial mortgage and dividing it by the property’s total project costs. It is reflected as a percentage. Lenders use the LTC ratio to…
Special Event Insurance: Cost & Coverage
Special event insurance is primarily a liability insurance policy for a business, vendor, or individual hosting an event. The policy provides coverage for injuries and damaged property, with additional options like weather cancellation. Unlike other policies, special event insurance is a policy with one payment, with average premium costs starting at $100 or $500 for…
What Is an Audited Financial Statement? Contents & Uses
An audited financial statement (FS) is a set of financial documents examined by an independent CPA. The audit report attached to the complete set of FS provides an opinion on whether the FS presents fairly, in all material respects, and on the company’s financial position, operations, and cash flows. It is mandatory for publicly listed…
Social Media Influencer Insurance: Cost & Coverage
Social media has become an important part of building brand authority and driving sales. Social media influencer insurance is coverage that protects the content creators who drive those results. The primary coverages to consider are professional liability ($750 annually for social media insurance) and general liability (around $350 annually). Depending on the size of your…
Predictive Scheduling Laws Per State: Employer’s Guide
From state laws to city laws, learn more about how predictive scheduling laws are changing workplaces and employee scheduling. Plus, new bills are currently in place to add laws to more states.
Predictive scheduling is the process of giving employees ample notice of their work schedule so they can plan around working hours. These laws ensure that workers are not scheduled hours before a shift. Early on, predictive scheduling laws only applied to workers in certain industries, like restaurants and retail. But as time has gone on…