General liability insurance is purchased by a business to protect its assets and interests. If a company is sued, the general liability insurance will pay for damages and injuries caused to third party. This saves the company from paying large cash settlements or damages and it protects the business from bankruptcy. It limits risk for […]
Category: Business
Estimation of Costs of General Liability Insurance Cover
Every business has to buy a general liability insurance cover to protect the business from the exposure to various risks. A general liability insurance policy, pays the legal costs for any liability claim or lawsuit against the business. The liability claims include property damage, personal injury, bodily injury and advertising injury. The insurance company also […]
Know About General Liability Insurance
General liability insurance is a type of insurance that is used by business owners when some type of loss occurs. Every businesses has to purchase general liability insurance, which covers bodily injury, property damage or loss, damage to reputation, and even advertising injury due to negligence that results from the promotion of goods or services. […]
Forbes Report on the U.S. Small Businesses in Smaller Metros
Some businesses plan to choose their headquarters at major metropolitan areas and some do not. It is generally felt that small venues are found to be the best places for small businesses. According to the Forbes study in combination with Moody’s Economy.com, it was found that small places having populations of less than 245,000 were […]
SME Opportunities for Indian Entrepreneurs
SME market has got a lot of importance in India. There are many SME opportunities for entrepreneurs in the nation. Some of them are listed here. Among BRIC countries and the U.S., the second largest population of small and medium businesses (SMBs) is found in India. SMEs in India contribute to more than 40% of […]
Lack of Demand – the Top Reason for Sickness of SMEs in India
Some of the reasons for sickness of Micro, Small and Medium Enterprises sector have been found by SIDBI report in 2010. It is said that there are eight important reasons for sickness of the sector. These problems include lack of demand, shortage of working capital, marketing problems, power shortage, non-availability of raw material, equipment problems, […]
Customer Acquisition through Social Media by SMEs in India
An emerging potent mainstream business tool that plays a major role in customer acquisition is social media. In order to maintain long term relationships, social media is being used by businesses these days. A survey conducted by Regus during February-March 2010 revealed that 52% of businesses in India use social media for acquiring customers. The […]
Contribution of Indian SMEs to GDP Expected to Rise by 2012
A survey was conducted by ASSOCHAM in 2009 concerning the contribution of Small and Medium Enterprises (SMEs) to Gross Domestic Product (GDP) in India. It was revealed that the contribution towards the GDP is expected to rise to 22 percent by 2012. Their contribution to GDP was about 17 percent in 2009. The reason for […]
Internet Local Search for Small Businesses in U.S.A
A study was conducted in 2009 by TMP Directional Marketing regarding the annual growth of online local search and changes in consumer behavior. The study revealed that there was an enhanced usage of online search channels including mobile platforms, internet search engines and social media. Local business information is known mainly by the internet search […]
Challenge for Improving the R&D in Indian Small Businesses
It is important to improve the technological skills for sustaining in the current environment. In general, many Indian manufacturing firms are less involved in research and development (R&D) and also less money is spent for such activities. It was estimated that during 1991-2008, about 38 percent of the total number of large firms had reported […]