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7 types of insurance every business owner needs

Insperity

It also provides legal protection for business owners , including protection from employee injury lawsuits. How it can help you: General liability generally covers legal costs and settlement payments or judgments that are awarded to the injured party. BOP insurance is generally purchased by small businesses.

Insurance 229
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Employee or contractor? 6 common mistakes when classifying workers

Insperity

To help you figure out whether your workers are classified correctly, we’ll cover: Basic legal resources and information you need to know Who enforces the law on worker classification, and what happens if you’ve misclassified workers (either intentionally or unintentionally) The most common mistakes you should avoid to stay out of trouble.

Equipment 317
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4 Labor and Employment Law Changes to Keep an Eye On In 2015

Insperity

But while health care reform brings a whole new set of challenges to your business in the coming year, it’s not the only legal change you need to keep an eye on. This year, several states legalized the use and distribution of marijuana. This means it should not be used, distributed, purchased or sold by anyone in your workplace.

Legal 212
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WARN Act: what employers need to know

Insperity

Given the widespread local impact resulting from many families becoming suddenly unable to purchase goods and services, the advance notice also helps communities cope with large-scale job loss. Failure to comply incurs considerable legal and financial repercussions for the company. Because the law is federal, businesses across the U.S.

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3 Essential Contracts for Consultants and Coaches

Jen Lawrence

Layer in legal concerns and things start to get really overwhelming. Whether it’s the cost or not knowing where to start, the temptation to skip the legal setup is huge – but it’s also the biggest mistake you could make in your business.

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Employee Assistance Programs: A Powerful Employee Perk

Insperity

Financial and personal legal issues. Also, the EASNA, the Employee Assistance Trade Association , offers a helpful EAP purchaser’s guide and may be able to offer provider recommendations. They are most often associated with counseling services for troubled employees enduring difficult times such as: Illness and injury.

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Use Due Diligence to Make Investing Easier

Success

Although due diligence is a legal term that applies to selling stocks and other fiduciary investments, there is value in having a system that helps you make decisions in your life, whether for your finances or your personal relationships. Create a checklist.