Commercial Business Insurance Quote – A Look at the Types of Coverage in Business Insurance Plans

There is no business to small that it can't benefit from insurance. Regardless of your company size, you should be taking the time to search for a commercial business insurance quote. However, the exact coverage you require, interest rates, etc. play a role in the type of quotes you get. Choose an insurer that offers custom policies for your industry. Do research and read reviews to make sure that the company you choose is a good choice for businesses like yours.

What exactly is business insurance? It is a broad range of policy options compiled to protect a company from financial loss. The potential causes of financial loss obviously vary from one company to the next

Here is an overview of some of the types of coverage available. Some of these you will likely need and some you will not:

• General liability insurance (protection from 3rd party liability claims for injuries other people occur)

• Product liability

• Malpractice / professional liability

• Property insurance

• Workers compensation

• Commercial vehicle insurance

• Cyber-crime protection

• Loss of income

• Records retention policies

• Key personnel insurance, should the head (s) of the business become incapacitated

• Specialty coverage for things specific to your industry as well as one-day events such as concerts or seminars

Legal Requirements in a Commercial Business Insurance Quote

Commercial insurance is typically required by law, but under certain conditions, and those vary from state to state. At the very least you will need general liability insurance. Depending on your trade, your state might require you to carry insurance against a professional liability. If you have employees, you will probably be expected to pay unemployment insurance taxes under certain, prescribed conditions if they are deemed to be applicable to your organization. You'll therefore have to register your business with the work force's agency in your state.

Don't just select the first cheap commercial business insurance quote you see. Your policy must be tailored to your business based on its risks and relevant laws regarding your industry. Work with an insurance company that will take the time to learn about your business in order to get you the best coverage possible to protect your business investments.

Since there are so many sites that all promise to offer the "best" commercial business insurance quote , it's a good idea to use Hiscox Business Insurance as the starting point. While it is a big insurance company, Hiscox does not view insurance coverage as a "one-size-fits-all". It is your best bet to get a tailored coverage for your industry and specific needs.

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How To Start Marketing Your Business

To new business owners, starting a business is often its own reward. They are thrilled to be able to be their own bosses, and to successfully get a business up and running. Often they are happy just to keep the dream alive.

But every business needs to grow. That doesn't mean you have to reach out to a larger market – it means working toward increasing your share of the one you are targeting. This will keep your business healthy enough to survive obstacles such as tough economic times.

In order to keep moving forward, we need to market our businesses constantly. We need to dedicate a certain percentage of our resources to building our brand and reaching our target market. Here are some simple things you can do to help your business grow.

Have a clear picture of your target market.

Find out what types of people use the products and services you provide and respond to your business philosophies. If you're not marketing to the right people, all will be lost.

Research, research, research.

Determine how to best reach your target market and what they expect out of your offerings. Study your competition carefully, and make note of what they're doing right and wrong.

Choose your marketing channels wisely.

If your target market rarely reads, there's no point in advertising in a magazine. Use what you've learned about them to find the best possible outlets for your message, and focus your marketing efforts there.

Give your advertising a chance.

Studies show that consumers require repeated exposure to a product before they will even consider buying. So don't be surprised if one ad run does not bring spectacular results. If you've done your homework and found a viable way to reach your market, run the ad at least two more times before you evaluate the results.

Take advantage of free publicity.

Sending out press releases and finding other ways to attract the media will give you high-quality exposure, and it won't eat into your budget.

Keep track of the effectiveness of your marketing efforts.

If what you're doing is working, you should be generating more revenue. Use some of that revenue to do more marketing. If it isn't working, make adjustments and try again.

Sometimes you'll have to take a step back with your marketing plans. But that's not a sign you've failed. It's a sign that you're a smart marketer. Sometimes the market changes, and it's up to us to monitor those changes and adjust our marketing plans accordingly. No successful company markets the same way forever. By evolving with our target market, we can make our marketing work better.

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5 Reasons for Writing Business Correspondence

What is an effective business organization? The answer to this is quite broad and diverse. But there is one aspect of business operations that is often neglected. This is business writing.

Effective business communication is important in the daily operation of a company. Moreover, it can dictate whether the company earns or loses money. In addition, it affects the business organization at different levels from the individual up to the corporate leaders.

1. To convey information

The essential role of business writing in an organization is to share information. Whether it is the latest sales statistics or sale projection, a business plan, a marketing proposal, proper communication of data is essential. The success of a business organization depends on the quality of information that passes through its people.

2. To justify an action

Another reason why people communicate is to justify or explain an action. One example to this is writing an incident report. The person explains what happened so that the company can understand an event better. Justifications and explanations require that the author put as much detail as possible to communicate his thought clearly.

3. To influence action

Business writing is often a way to influence other people. A good example of this is presenting a business proposal, a marketing plan or a project proposal. By detailing pertinent information, the author seeks to affect the decision. Influencing others is a hallmark of effective business communication.

4. To deliver good or bad news

The workplace is a dynamic place. It offers employees both good and bad news on a daily basis. Through proper business communication, the bad news is properly written to soften the blow. Likewise, good news is highlighted just to give emphasis. This can range from getting a pay raise to sharing the company achievements. On the other hand, this can offer grim realities like suspensions, or even layoffs.

5. To direct action

Lastly, effective business writing aims to direct the reader to the right actions. Many company documents like SOP manuals, employee handbooks, technical instruction manuals and the like offer explicit information. In order for a corporate correspondence to direct the action of the employee, it must be clear and concise. Unfortunately, many failures in communication result due to unclear and conflicting statements.

Having these 5 reasons of corporate correspondence in mind, an author can effectively write business communication. Furthermore, the proper writing style stems from a clear and effective business writing purpose.

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Business Meeting Thank You Note Samples

After just about any meeting, successful or note, it never hurts to follow up with a thank you note. It shows you respect your client's time and even if your product was a good fit this time, your client knows you're a courteous, professional colleague he'd like to do business with again.

Email or snail mail? You know best; think about the client's company culture. Usually email is fine, especially if you're thanking for something informal like time.

Your tone is also something only you can gauge. When in doubt, more formal is better. You don't have to be cold or stuffy but do be respectful.

Here are a few examples you can customize to your own situation.

Example 1:

Dear Todd,

It was a pleasure meeting you yesterday. Your ideas on new approaches to sales in our region were insightful and a great help to me. Thank you for making time to meet with me and for sharing your thoughts.

Sincerely,

—————————————–

Dear Dr. Price,

Thank you for seeing me yesterday. I appreciated the chance to discuss our new products with you. Your opinions are always helpful and interesting. I hope the latest product will fit your needs.

It's always a pleasure to see you!

Best Regards,

—————————————–

Josh,

It was a pleasure to finally get a chance to meet you today. Your research project sounds very interesting and offers a compelling value proposition to to the mobile phone carriers. As discussed, my team has done extensive work in the type of data collection that your research requires.

Please let me know if I can provide you with more details about how we would work on the project.

Look forward to speaking with you soon.

—————————————–

Dear Paul,

Thank you for your time today. Jack and I very much appreciated your input on our new business development strategy. I know that you have a number of demands on your schedule right now so the fact that you took as much time as you did to guide us is even more welcome.

We will be sure to circle back with you when the plan is finalized in order for you to provide your stamp of approval as well as any final comments.

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How To Start a Wood Working Business From Your Garage

Starting a woodworking business from your home could be an excellent way to earn an income. With right business plan and woodworking training system you could reach your financial goals with little or no woodworking skills.

As we all know financial times are tough in many areas of Canada and The USA. Their seems to be no stability working for various companies. Even if you employed the income you receive is poor. Consider starting a home based business that will create products that you can sell with very little effort. This home based business will be fun and easy to start.

Consider starting a business constructing and selling wooden furniture. Many people are often interested in purchasing wooden furniture for their homes. Good quality wooden furniture always has a way of being sold. Home owners will pay top money for this type of furnishing. This type of furnishing looks good and gives the customer a product that indicates that their money was well spent.

With proper business plan and correct construction method you might even be able to make money in your spare time building furniture and related products.

Of course you will need a place to work such as your garage. You could even construct a shed in your backyard to start your woodworking business. Constructing a shed, made of wood, could be a way of starting your woodworking business. After successfully building a shed in your backyard you could have people paying you to build a shed in their backyard.

There are a number of resources that will give you step-by-step instructions with regards to construction of various woodworking projects including numerous backyard shed plans. Types of sheds to consider are the pent roof shed and clerestory style shed.

The pent roof style shed is simple to build. It is a mono roof shed, which consists of a one piece roof sloping in one direction. It can be attached to your house or barn, giving it increased structural strength

The clerestory style shed ideal for use a place to work. The roof of this shed consists of row of windows which allows natural light to beam inside of the structure. Because of the roof its structure will mor complicated to build when compare with the pent roof style shed. However designs can be found on the internet that will help the construction process less problematic.

This type of business will require that you purchase various tools if you do not already own them. Their a number hardware stores likely in your area that will help you purchasing the tools needed in starting your woodworking business. You will also likely be able to purchase used woodworking tools in good working order.

Best Regards

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A Simplified Staffing Business Model

In much the same way Amazon and eBay have helped many get their start in starting, developing and running an e-commerce business, this same help is now available in starting a staffing business.

There are now well over two million third-party sellers on Amazon. The infrastructure that is on Amazon and eBay is plug_ and_ play for all who try and claim their stake on these selling platforms.

With this in mind, the traditional route for those seeking an opportunity to start their own staffing business included the need for a large capital infusion, a payroll system, access to high-cost worker's compensation insurance and many other costs that were prohibitive for most to enter the industry.

For many who do have the resources to enter the staffing industry, they often turn to high-cost franchise staffing companies who enjoy a large slice of earnings for the lifetime of the business. This relationship can grow strained over time and at some point the operator may feel they are contributing more to the franchise than the franchise is contributing to the operator. When this occurs, the separation from the business can grow messy and can even end in litigation.

The simplicity of both Amazon and eBay and their policies are a big draw for many who are looking to sell products online. There are no long-term agreements or costs that can easily cripple a new business. Being able to be flexible in a new venture is always a great asset and both these platforms allow for it.

This flexibility platform is now available in the world of staffing and has over 150 firms using this unique business model to grow impressive sized businesses with many reaching over a million in first-year billing. With over half a billion under management in less than 10 years in operation, one can see this is becoming a great alternative to going it alone or entering into a long-term agreement with a franchise.

What you get on the platform:

  • Worker's compensation insurance with no liability to the operator.
  • An unlimited funding source for all payroll and client billing.
  • A complete back-office for all management and personnel needs.
  • Access to professionals with over 40 years of staffing experience.

With all the boxes checked, this platform can be summed up as the Amazon or eBay of the staffing industry. If mitigation of risk is high on your list for starting a sustainable, prosperous business there are few options that can match what is now available.

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Managing Payroll for Small Business

Payroll may be too cumbersome for businesses to do by themselves, not just because of the number of employees but because it is a process that starts with hiring and does not end until the business dissolves. Also, this is something that needs to be done regularly – mostly monthly although yearly tasks also remain. This includes big as well as small and medium businesses. For large-scale ones, the problem may include tracking the employees as well as filling forms and complying with tax provisions. Small organizations may, on the other hand, find it expensive and therefore budget draining to manage by themselves as well as their inability to employ professional hire. It is no surprise when studies find that payroll, along with tax make up the top options that are outsourced.

With all the accounting for the employees, with all the forms – like Employment Eligibility Verification, Employer's Quarterly Federal Tax Return, Additional Medicare Tax, Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRA, Insurance Contracts – to be filled, With all the deductions to be made and submitted to the government authority, businesses may find that this process is consuming their time and resource. The course to ease this can be found by choosing among one of the two alternatives: outsource it or make use of applications. It is up to the discretion of the management on the choice to be made.

If outsourced, the business can rest assured regarding the accuracy of data. There is assurance that forms will be filled in time, errors relating to this issue will not arise. This is so because the outsourcing company employs professionals who make sure everything is up to the task. The economy of scale is something that cannot be achieved by most of the organizations. Like the other option, this also means the business does not have to bother about anything related to payroll. The difference being this option means the business may have a sense of loss of authority when opting for this method.

But with the help of payroll software, one can do the task by oneself. The software may come as standalone whereby they specialize in this function only. Or, this function may come bundled together in accounting applications. This method has the advantage of being easy to use, and even with someone not an expert in this topic, this can be managed adequately. Only a basic knowledge about us of the application does the job.

With times, the applications have come with the option whereby businesses can manage their payroll from anywhere, cloud computing facilitating the process which means that the business can access and modify data from anywhere. In addition to giving the management (or other personnel as the need be) the control of data given by apps, what is also possible is the advantage of the simplicity that apps bring forth. Recently, users seem to switch to this latter mode for managing payroll.

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Kingdom Business and Marketplace Ministry

What is a Kingdom Business?

First, I like to say there is a distinction between a Christian business and a Kingdom business. What is that distinction?

For starter, any Christian can be in business and many times that's just what it is, a Christian in business. Most entrepreneurs start businesses so they can generate a profit and long-term wealth for themselves, including Christians.

There's nothing wrong with this viewpoint on the surface. However, this type of view can give us a tunnel vision for our business. It can also carry the possible dangers of fueling our own greedy nature and make us lose perspective if our business truly belongs to God.

As born-again followers and servants of our King Jesus, we do not simply run a business like any other organization. In other words, the company we own and run is not solely our own. Everything we have actually belong to our King and we are mere stewards here to further His Kingdom.

Simply put, a Kingdom Business is any entity whose main purpose is to utilize gains from doing business in the marketplace to further the Kingdom of Jesus Christ.

What is a Marketplace Ministry?

Now that we have a better understanding of what a Kingdom Business is, I would like to address what a Marketplace Ministry is.

In a nutshell, Marketplace Ministry is God's strategic plan to reach our world for Jesus through our work or business. Ministry takes place outside the four walls of our church. We spend many countless hours a week in the workplace and how we spend our time should matter.

Many of us Christians often feel detached from the true reality of Sunday worship when compared to the daily grind of our regular work week. We have a hard time when it comes to the integration of our faith and the business world.

Christians, just like anyone else, spend most of their time in the marketplace. Our marketplace ranges from home, business, and community. It's basically wherever we are engaging with others.

God desires to use Christians as a living testimony to reach those who are lost and don't know Him. We are God's people whom He chooses to use as instruments of change in a fallen and corrupted world.

Why Build An Email List?

Some Christians are reluctant to build an email list due to the fact that it can feel really pushy and self-promotional. It feels a lot more like marketing and much less like ministry.

The biggest and worst mistake you can make with your online business whether it's a Christian one or otherwise is to not develop an e-mail list. Perhaps you've heard the term "The Money is in the List" before? This is true even if it's a non-profit service. By the way, the purpose of any business is to earn a profit.

Well, let me back up just a little bit. It's not so much as "The Money is in the List", but as a Christian building …

Local SEO For Small Business

Small business needs SEO especially at the local level. For example, if someone is searching for a restaurant, they are going to look in their local area first. Local listings improve your visibility and help you rank higher in the search engines even if your main business can appeal to larger searches.

Do you have your business listed with local online search engines?

You should be listed in the following directories: Yellow Pages Online, Yahoo Local, Bing, Google+ and your Cities local online directories. When your business is linked to local directories, it is much easier for people to find you. You can increase your rankings on these sites by asking satisfied customers to post reviews underneath your business listing and click the thumbs up, like +1 etc.

Link Building is another way to get your business ranked in the search engines.

You can do this by adding comments and links to other businesses that are similar to yours. You can also cross promote with other businesses and offer to swap links. Make sure that you build your links slowly and naturally. Regulate them by doing a few one-day and a couple the next. This way the search engines won't penalize you and think you are spamming.

Promote Your Business on social media platforms.

Use social media platforms like Facebook, Twitter and Google+ and they should reflect the location of your business. It is nice to have lots of followers, but they mean nothing if these people don't become customers. Target your posts towards your local community. You can post specials, video and images to grab the attention of your followers.

It could be something as simple as, mention you saw this post or tweet today and get a 20% discount off your next purchase. You increase the reach of your business and encourage more customers to visit. It is a great way to get re-peat business and build relationships with your customers.

Online advertising

Pay per Click advertising is one of the most powerful ways to target your local community. Use geo-targeted PPC for your online campaigns. For example, your business is in Denver, Colorado. You may run ads that target specific areas of Denver. People who aren't in this geographic area should be excluded.

It's all about getting the right kind of traffic to boost your sales and get your customers to come back again and again. These are just few ways that you can use local SEO for small business to boost your online presence.

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When To Use A Business Loan Packager

Lenders are extremely busy and are often put off by loan requests riddled with errors and / or do not meet the basic standards of lending.

But small business borrowers with little knowledge of packaging loan requests can enhance their chances of getting funded through use of experienced loan packagers.

This is what Loan packagers do:

• Examine borrowing causes and clearly determine the borrowing need, thus eliminating vagueness and superfluous needs. Lenders are horrified by borrowers who request for loan amounts "out of the blues" based on nothing other than collateral value.

• Gather all the necessary documentation. Most borrowers are not aware of the loan documentation they need to provide to lenders. They spend weeks sending bits and pieces of information to lenders, thus agitating lenders and prolonging approval times.

• Analyze financial statements to ensure that the trends are right and all ratios make lending sense. If for example you revenues are declining, you must drill deep into the causes and mitigate them intelligently. Failure may lead to loan denial.

• Review Business and Finance Plans. Lenders have little or no time reviewing business and / or financial plans that don't make sense.

• Benchmark borrower business with industry peers. This helps in giving a lender the insights of the borrower's industry and how the borrower is performing compared to the industry. If the borrower's performance is not up to speed, then the borrower may want to undertake a business diagnosis test to identify the causes of poor performance.

• Match borrowing need with banks' lending criteria. Banks have different lending policies based on loan amount, sector, purpose, collateral, years in business etc. Borrowers spend endless days shopping for lenders only to be denied having had several of their credit reports pulled.

• Provide insights on questions to expect from lenders. Fussy or lazy lenders will deny a loan on a flimsy excuse, such as, 'the borrower does not maintain a budget' or 'the borrower is unaware of his average inventory carry' etc.

• Advise on loan structure and terms including interest rates. Loan structure is key to getting favorable loan terms. You need to understand when to apply for a line of credit, a seasonal line, a short term loan or a long term loan. Various loans have different interest rates.

The support offered by Loan Packagers justifies the fees charged because borrowers,

• Close their loans faster

• Get very competitive rates

• Get to know their business finances better

• Reduce cost of loan-shopping

• Save on the opportunity cost of delayed or denied loans

• Minimize the number of credit reports that banks pull

The cost of loan packaging varies widely depending on the type of services provided and the complexity of the loan package.

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