Determining whether a worker is an independent contractor or employee sounds remarkably simple on the surface. However, this distinction often catches small businesses by surprise, and the consequences in Connecticut can be costly. Workers’ Compensation coverage requires business owners to get this right, or they could be responsible for back premiums, fines, and considerable legal […]
Retail Insurance
There are many aspects of opening a retail store that are exciting, but most business owners can agree that insurance isn’t one of them. However, ignoring it altogether could cost you everything you have worked so hard to build. Here is a look at five types of insurance coverage that you need to consider before […]
If you operate a flower shop, bringing people joy and comfort during meaningful moments in life is a significant part of your job. However, sometimes unexpected events can catch you off guard in your quest to spread cheer. What would happen if your delivery driver were involved in an accident? It is tempting to assume […]
Small business owners who ran shops a few decades ago were well aware of the most common risks involved: slip-and-fall accidents, inventory theft, and perhaps the occasional break-in. However, the situation today is very different, with online sales channels now in the mix. You might be expanding your reach, but you are also opening the […]
When retailers seek business insurance, they are often presented with a standard shop policy. These policies may have sufficed in the past, but they were written for a world that no longer exists. While most small retailers now sell both in-store and online, their retail insurance was written on the assumption that customers shop only […]
For small business owners, opening a second retail location is a giant leap forward. Having another storefront will mean more customers, greater revenue potential, and a stronger presence in your market. However, don’t become so distracted by planning inventory, hiring staff, and designing the new space that you forget to update your retail insurance policy. […]
The age of the internet is now well and truly here to stay, and even the most traditional Main Street businesses that initially resisted e-commerce are turning digital. Whether you have been selling furniture from your storefront for the last two decades or you just opened a boutique last month, there’s a good chance you […]
Insurance is one of those expenses retail business owners may pay reluctantly; it might feel like you are not getting anything tangible for your money, but if you ever need it, it could pay for itself many times over. However, that doesn’t mean you have to accept paying fixed premiums year after year. If you […]
