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7 types of insurance every business owner needs

Insperity

A business leader can’t eliminate all risks, but insurance can provide some cover should the sky begin to fall. Despite this, insurance is an area where owners often try to skimp on the type of insurance they pay for or the amount of coverage they choose. Property insurance . Workers’ compensation. Professional liability.

Insurance 229
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A Freelancer’s Guide to Business Insurance: What You Need to Know

Success

As a freelancer or independent contractor, you may think your business is too small to need insurance. Client contracts sometimes even require you to have freelance business insurance. The bottom line: More than half of those surveyed said their biggest barrier to getting coverage was understanding what insurance their business needed.

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How to set up a payroll process: 10 steps

Insperity

Outside consultants are often hired to assist with specific projects, and are responsible for paying most of their own payroll taxes. If you have any questions about whether a person is properly identified as an independent contractor, please consult a lawyer experienced in wage and hour matters. Independent contractor.

Payroll 262
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5 steps to more financially stable employees

Insperity

Start by offering a solid benefits package that includes a great portfolio of health insurance options to choose from. This alone can help ease some of your employees’ money concerns because they will have the opportunity to get things like medical insurance, disability, flexible spending accounts, retirement plans and more.

Insurance 194
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Successful mergers and acquisitions: How a PEO can help

Insperity

From the early stages of your company, to the M&A due diligence process and through the integration of the purchased firm, a PEO can simplify HR administration and smooth the often-turbulent acquisition process. For small- and medium-size businesses, worker’s compensation insurance costs can be exorbitant.

Payroll 170
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Our Guide to Health Insurance for the Self-Employed

Success

A 2021 Gallup poll found that 1 in 6 Americans stay in jobs they don’t find fulfilling just to keep their health insurance. I’m here to tell you that if you are wanting to take the plunge into entrepreneurship, the health insurance options for those of us who are self-employed are not as bad as you might think.

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5 Long-Term Financial Goals and How to Achieve Them

Success

Buy a house or investment property Expected time: 5-10 years Account types: High-yield savings, brokerage accounts, CDs Whether you’re dreaming of first-time homeownership, a vacation home or investment properties, real estate purchases are one of the most popular long-term financial goals.