General liability insurance is considered essential for most Rhode Island businesses. However, much confusion surrounds what it does and does not cover. Let’s look at the basics of a general liability insurance policy and why it is important for your business. What General Liability Insurance Does Cover Most policies cover third-party bodily injury and property… Read more »
In Rhode Island, workers’ compensation insurance uses three factors to calculate premiums: rate assigned to each payroll classification in your business, total amount of payroll for each classification, and your experience modification factor. The third is the only one within your control to change. Handling your experience modification factor poorly will cost you plenty. However,… Read more »
The pandemic has changed the world and how we do business. Although it has created many negative effects, it has also provided business with some valuable lessons. Here are five we should all learn from to create a more resilient, flexible business as we move forward. Business Continuity Plans Are Vital Most business owners think… Read more »
Many business owners wonder whether their personal auto insurance provides protection when operating a vehicle for business purposes. Unfortunately, it usually doesn’t, except under particular circumstances. Here’s what you should consider to ensure you properly protect your business. Do You Understand Insurance Carrier Guidelines? Whether you need a commercial auto insurance policy or you can… Read more »
Small business always needs to minimize expenses and one way to do so is through proper handling of business taxes. Here are a few small business tax tips that could help you pay less come this tax season. Qualified Business Income Deduction Starting this year, many small businesses may qualify for a new federal tax… Read more »
Unfortunately, the relaxed atmosphere you enjoy while working from home can also lead to safety and security lapses. Home Office Safety and Security Week runs January 13 through 19th this year. It’s a great time to review your safety and security measures for your home-based business so you can protect you and your business well…. Read more »
Just because you operate your business from your home, doesn’t make it any less of a “real” business, and real businesses need insurance! According to the Independent Insurance Agents & Brokers of America, a whopping 60 percent of home-based businesses lack sufficient insurance coverage. Here are a few insurance considerations if you work from home…. Read more »
Business owners consider the New Year an opportunity for growth. However, it’s hard to accomplish your goals if you can’t see your desk underneath all of the clutter. You’ll need a few hours, a couple of boxes, file folders, and some colored tags to organize your home office, but its well-worth it. Follow these helpful… Read more »
Without having an expert in your corner, buying insurance coverage can be confusing. Many people buy policies based on cost alone, and then find themselves in a bind when they need to file a claim. Fortunately, your Rhode Island independent insurance agent can assist you and there are many reasons you should seek their advice…. Read more »
Whether you’ve just started your business or you’ve been at it for a while, there are certain things everyone overlooks from time to time. Don’t let your business fall apart before you even get started or have to shut down after years of hard work because of these common mistakes. Not Having a Marketing… Read more »