General liability insurance covers small businesses for financial losses due to third-party claims of bodily injury, reputational injury, or property damage to others. It is an essential liability coverage for all businesses, given that all businesses are exposed to these types of risks. If you’re looking for general liability insurance for your business, working with…
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Free Credit Card Processing: Types, Legality & Solutions
Top merchant processors now offer fully compliant, free credit card processing programs that are easy to set up and automate.
Free credit card processing, also known as “zero-fee” or “zero-cost” processing, refers to the process of passing some or all of the fees associated with payment processing along to your customers, so your business is essentially paying nothing to process credit card payments. While this expense-cutting strategy was unpopular in the past because it places…
What Does a Property Manager Do? Duties, Costs & When to Hire
Property managers handle residential and commercial real estate for property owners and investors. Their duties encompass a variety of property management, maintenance, tenant selection, and rent collection tasks. However, the specific responsibilities of a property manager depend on property type, contract terms, and compensation. On average, property managers cost from 8% to 12% of the…
Workers’ Compensation Dividend Plan, Qualifications & Types
A workers’ compensation dividend plan, or participating plan, is a way for employers to take part in the profits earned by their insurers. Basically, dividend plans reward employers for having fewer claims, and many employers choose them to save on their workers’ compensation insurance. How Workers’ Compensation Dividend Plans Work A workers’ compensation dividend plan…
What Is Organized Retail Crime? Consequences + Prevention
In recent years, there has been a new, unwelcomed trend haunting retail stores: organized retail crime (ORC). It refers to large-scale, organized shoplifting, cargo theft, ecommerce cyber-attacks, fraud, and other professionally orchestrated crimes against retailers. ORC is costly, difficult to detect, and highly organized—and erodes shopper trust. In this ultimate guide to ORC, we will…
Glossary of 72 Ecommerce Terms You Need to Know
With the vast number of ecommerce terms—plus new terminology appearing regularly—it’s important to keep abreast of the vocabulary you’ll encounter as an online retailer. Here, we’ve compiled an ecommerce glossary of terms and definitions with more than 70 of the most common acronyms, words, and phrases in use today. 1. 301 Redirect This is an…
What Is a Bring Your Own Device Policy? (+ Sample Agreement)
Bring your own device, or BYOD, refers to a type of company policy that allows employees to use their own personal devices (e.g., laptops and smartphones) to work on business-related tasks, instead of company-issued equipment. In a survey cited in the 2022 Global Mobile Threat report, 66% of companies had an active BYOD program in…
11 Payroll Forms Employers Need
Payroll forms are important because they help employers comply with federal, state, and local tax laws. By accurately completing and submitting these forms, businesses can avoid penalties and legal issues arising from non-compliance. Additionally, payroll forms for employers help businesses maintain accurate records of their employees’ earnings, deductions, and tax withholdings. Here’s a quick glance…