A business, either small or big, the owner of the business has many responsibilities. When running a business in partnership or as sole proprietorship, the owner has got many personal liabilities at risk. Hence, to protect owner and his family from financial disasters, it is essential to insure the owner with a business liability policy. […]
Category: Business
How Worker’s Compensation Insurance Works for Small Businesses
Most of the small business owners think that they do not require workers compensation insurance for their business. Only some of the small business owners take workers compensation insurance. A workers compensation insurance is specially designed for a business to protect their employees against work related injuries. It also helps to prevent employers from being […]
Know About Commercial Translation
Commercial translation, the name it self refers to some kind of translation done in the commercial fields like business and finance. Yes, it is. The translation of every important document in the field of business comes under commercial translation. Those documents include contracts, agreements, standards of the company, economics, business correspondence, annual reports, accounts, tax […]
Increase in Policy Rates by RBI Negatively Effects Growth of SMEs: PHD Chamber
Reserve Bank of India’s move to increase its policy rates may have impact on the growth of economy and consumption demand, as it will cause to increase the borrowing costs by the industry from the banks, especially, by the SMEs. In addition to these increase in borrowing costs, steep fall in the industrial production is […]
Importance of Fire Insurance
Fire insurance is the type of insurance policy, in which an individual pays some amount of money to the company, in exchange to receive benefits for the fire losses. Fire insurance provides the security for home, stock, furniture, business buildings, etc,. Fire insurance provides the cost of replacement of properties and assets, which gets damaged […]
All You Need to Know about Business Credit Insurance
Credit insurance is also called as trade credit insurance. Credit insurance provides benefits for an individual and for the business. Credit insurance provides the protection for the policy holder against outstanding debts. Credit insurance recovers the business bill receivables, in case if they are not receivable from the customer or trader, as the trader or […]
Why Business Owners Should Opt for Crime Insurance
Crime insurance provides insurance for the individuals and for the businesses against crime related losses. This insurance covers losses like fraud, theft, employee dishonesty, robbery and burglary. This insurance is very important for the business owners to protect their business from above kind of losses. The reasons for why the business owners opt crime insurance […]
Know About Different Kinds of Business Insurance
Doing business requires many entities, such as, manpower, buildings, machines, vehicles, infrastructure, and so on. Even slight damage to any of the above entities, will cost heavily for the business. Therefore, in order to bail out businesses from the losses, in the unexpected situations, insurance is mandatory. There are different types of business insurance which […]
Supply Chain Management for Small Businesses and Its Benefits
Supply chain management is a part of business whether it is small/large or the business is running for profits or non profit purposes. Supply chain management process involves managing fourteen functional areas, according to The Institute of Supply Management. The fourteen areas are purchasing, sourcing, logistics, quality management, inventory control, material management, transportation, disposal, warehousing, […]
Know About Important Characteristics of SaaS
Software as a services (SaaS), also known as Software on demand, is deployed over the internet to run behind a firewall on a local area network or personal computer. Important characteristics of SaaS are given below: SaaS application is associated with user interactive web applications accessed directly over the internet, SaaS as a concept caters […]