Can I Change My Business Insurance or Professional Liability Insurance Limits as my Needs Change?Many small business owners purchase higher limits on their errors and omissions insurance because their client contracts require it. But what about when those contracts expire? Is it a good idea to save a little money by reducing your professional liability policy limits? Or, what if you already have coverage, but a new contract requires a higher policy limit? Can you increase coverage in the middle of the annual policy term?
Understand the Exclusions of Your General Liability Insurance Policy - Don't Be Left UncoveredThere's a lot of peace of mind that comes from knowing your small business is insured. But it is important to understand your business's risks and what the various types of business liability insurance are intended to cover.
Lessons Learned: Building on Success with Marketing Post-Project ReviewsIn business as in life, learning from our mistakes and successes is the best way to improve. As marketing consultants, the most informative feedback comes from our clients. That's why formal project reviews are one of the best ways for marketing consultants to get better at what they do.
Employment Practice Liability Insurance (EPLI)Companies of all types and sizes face employment-related liabilities. In increasing numbers, current former and potential employees are filing claims against employers alleging sexual harassment, age and gender discrimination and wrongful termination. Indeed, more than 30% of civil litigation cases heard today involve employment-related liabilities. Disturbingly, this percentage has been on an increase in recent years.
Professional Liability Insurance Requirement for Marketing ConsultantsIf you're a marketing consultant, you probably have at least one client company that requires you to carry some type of insurance. Maybe you run a small marketing or market research firm with a few employees, or maybe you're an independent Internet marketing consultant or media professional.
Successful Consulting Means Understanding Your Client's Overall GoalsEvery management consulting project is driven by a business requirement. Often, management consulting businesses are called upon to meet those business requirements by enhancing the productivity, management, delivery or performance of a company's information technology investment.
Why Clients Require You To Carry InsuranceIf you're in engineering, you've probably encountered plenty of situations in which you're required to carry some level of insurance. Maybe you run a small engineering consultancy with a few employees, or perhaps you're a solo professional engineer.
Management Consultant Insurance and Liability ProtectionIf you're in the management consulting business, you probably have clients that require you to carry some level of insurance. Maybe you run a small firm with a few employees, or maybe you're an independent freelancer.
What Makes a Good Network Services AgreementYour client has agreed to hire you for a managed network services project, and you're ready to start ordering the necessary equipment and software and developing your implementation plan.
IT Staffing Agencies Need General Liability InsuranceIT staffing agencies are familiar with their clients' requirements for insurance coverage, and know that they have to have the insurance to get the business. But you may wonder if all that coverage is really necessary.
Business Liability Insurance for System Integrators and Custom ProgrammersWhether you're working directly with a client or through a staffing firm, if you're a systems integrator or custom programmer, you'll probably have at least one client who requires you to carry insurance. Maybe you are responsible for employees, or maybe you work freelance. Either way, you might wonder if all that coverage is really necessary.
Do I Need Managed Web Hosting or Shared Web Hosting?Deciding whether to select a managed Web host or a shared Web host depends on the level of security required by your company and how much traffic your site generates. While shared hosting is the most common type of hosting available
Discuss When You Need a Software Development and Maintenance Agreement?As a software and application developer, creating, customizing, maintaining and supporting software programs is the core of your business, and likely the most important asset to your company.
How To Find an IT Consulting CompanyWhether you need a major Web site overhaul, customized software or networking solutions, finding the right IT consulting company to handle your needs is key to producing the desired results and ultimately positively impacting your bottom line.
Improperly Utilized Statements of Work in IT ContractsAs an independent IT consultant you've just landed another client. You've taken the time to get the proper insurance and had the client review and sign your contract. But does the contract contain enough detailed information within the statement of work?
When Do You Need a Non Disclosure Agreement?You've been diligent about locking away your most sensitive documents in the filing cabinet each night, and encrypting all of your electronic files with passwords, but what about the information that is shared among employees on a daily basis?
Reviewing Contracts Thoroughly - Advice from Service ProfessionalsBeing self-employed can be one of the most lucrative and satisfying careers available, but it requires due diligence on the part of the independent professional.
Becoming an Independent Contractor?Working as an independent contractor or consultant can be a very rewarding, lucrative and satisfying career. Beyond knowing the dynamics of your field, however, you also have to understand how to keep the business operating smoothly and how to protect yourself and your assets.
ASP Agreement Components and InclusionsFor Application Service Providers - anyone who provides clients access to licensed software and application services - implementing a system of checks and balances, risk management procedures and quality control is invaluable.
Business Interruption Insurance: Are the Business' assets Adequately Covered?If severe storm damage caused your business to shut down, would you be able to sustain the company while the repairs were being made? If the closure spanned several months would you be able to pay the continuing expenses such as the mortgage or rent, taxes, the salaries of you and your employees, vendor invoices and other bills on top of the repair costs?
Make Sure that Your Insurance Coverage Grows as Your Company DoesA primary goal of new business owners is to keep operating costs low. At launch, they may not have a tremendous amount of risk or liability, and will only purchase the necessary insurance such as Commercial General Liability coverage and workers' compensation.
What is required for commercial liability coverage? What is optional?Is a small service company less likely to have a lawsuit brought against it than a manufacturing plant? No, but this is a common misconception among office-based businesses.
The evolution and importance of management consultantsAs a management consultant your clients turn to you for advice and expertise, to improve their performance, or for strategy development. In this capacity you will often bring your own proprietary methodologies or strategies to identify problems or provide recommendations, which can open you to more exposure and certain risks.
Fraud: No small matter for small-businessesWorkers' compensation, which is required by law in nearly all 50 states, provides medical and disability coverage for employees who are injured on the job. Employers' Liability, typically included on a Worker's Compensation policy protects employers from liability for an accident involving an employee.
Innovation Will Continue to be the Key to a Successful Insurance Business ModelIn today's global economy innovation will be the key to survival for any industry. It is especially necessary for the insurance industry, which until this point has primarily focused on optimizing its products, processes and services rather than injecting real innovation into the business models.
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