Finances

According to the U.S. Small Business Administration, more than half of the American workforce owns or works for a small business. Twenty-five percent of small businesses with employees work from home. When considering sole proprietor operations with no employees, this percentage increases to approximately 50%. If you run your business from home, you may think that directors and officers (D&O) insurance is not necessary. However, the size and location of your business do not determine the need for protection or the amount of coverage you need. If you…

Understanding umbrella insurance coverage Umbrella insurance is a type of personal liability coverage that goes beyond the limits of other existing policies such as homeowners, auto, or business insurance. It is designed to protect individuals or companies and their assets from the financial consequences of unforeseen events such as lawsuits or accidents. Those who are at high risk of being sued, that have significant assets, inexperienced drivers, or anyone concerned that their coverage limits are not sufficient may benefit from umbrella insurance. Umbrella insurance provides coverage for losses…

Once your small business starts gaining momentum, it’s time to think about expansion! But do you know what you need to take into consideration as you scale your business? Here, A and H Insurance goes over five crucial tasks you need to tackle in order to grow your company and increase your bottom line: 1. Protect Yourself, Your Employees, and Your Business If you’re running a sole proprietorship, forming an LLC will help you expand your business. Apply for an EIN in your state so you can start…