Effective Risk Management Tips for Breweries
Posted: April 19, 2022
The craft beer industry has been built by passionate, talented brewers, who have invested their time and energy to create new flavors and brewing techniques. As the brewery grows, business risks arise that should be addressed before something goes wrong. These tips cover some of the basics of brewery risk mitigation. Proper Spill and Broken Glass Cleanup Processes A taproom is a popular and convivial...
Can Employers Reimburse Employees for Health Insurance?
Posted: April 13, 2022
Since 2020 with the enactment of the “21st Century Cures Act,” employers of any size could reimburse their employees for the costs of individual health insurance plans. The Affordable Care Act required employees with 50 or more employees who worked at least 30 hours per week, to offer health insurance. With a vast majority of US businesses having less than 50 employees, many people working...
5 Types of Cyber Criminals & How to Avoid Them
Posted: April 4, 2022
Cybercrimes are on the rise in the USA, and business owners need to be alert to the most common ways these criminals operate. The losses incurred by a business after a cyber attack can be staggering, particularly when the personal information of clients has been stolen. There are five general types of cybercriminals, and several techniques to help companies avoid the risk of a data...
How Does Employee Turnover Impact Your Business?
Posted: March 28, 2022
A loyal, dependable workforce is a critical aspect of business success. When a company is experiencing a high turnover rate, it is imperative that you discover what is driving the exodus before it worsens. The costs of employee turnover to a business are more than financial, and include the following: Reduced morale. Workplace relationships are important, and when a valued employee leaves, it impacts the...
Commercial Umbrella Insurance 101
Posted: March 19, 2022
Business owners put general liability insurance in place to protect against the excessive financial costs of defending claims and lawsuits. Umbrella insurance is designed to provide coverage above the limits of business liability insurance policies. This insurance takes over when your liability insurance limits have been reached. Businesses, no matter how carefully they manage their operations, can be named in several types of lawsuits. A...