Surety Bonds and Insurance Requirements for Cannabis
Posted: October 31, 2017
A surety bond is an agreement between 3 parties: Obligee – The state, municipality, or other entity requiring the purchase of the bond Principal – The business seeking the surety bond Surety – The bonding company that executes the bond and provides a guarantee to the Obligee that the Principal will fulfill their requirements. As municipalities and the Bureau of Cannabis Control begin to issue...
The Importance Of Key Person Insurance For Small To Midsize Businesses
Posted: September 25, 2017
The Importance Of Key Person Insurance For Small To Midsize BusinessesKey person insurance is life insurance on a proprietor, partner, or a valued employee who is key to the successful operation of a business. Small and midsize businesses typically have one or a few key persons who are primarily responsible for generating revenue. Examples include the partners in a two-attorney law firm, the sole cosmetologist in a small beauty salon, or the owner-founder chef of...
Prevent Cyber Crime From Happening To Your Business
Posted: June 16, 2017
Prevent Cyber Crime From Happening To Your BusinessAs a business person, you are concerned with making your business immune to cybercrime exposure, and with good reason. According to an article on CNBC, cybercrime cost the global economy $450 billion in 2016. Prevention is your best line of defense against cyber criminals. You will want an IT security expert to assess your company's current vulnerabilities and needs. In addition, there are certain universal...
The Importance Of Key Person Insurance For A Startup
Posted: June 1, 2017
The Importance Of Key Person Insurance For A StartupIf you are the founder of a startup, chances are that you and your co-founders live and breathe the business, and without you, the enterprise would not exist. That is why key person insurance is essential for your startup. What Is Key Person Insurance? Think of it as life insurance for your company. While a regular life insurance policy is designed to compensate the spouse...
Are You Liable For A Cyber Attack?
Posted: May 8, 2017
Are You Liable For A Cyber Attack?As more and more aspects of business are carried out and stored using the internet and cloud-based technologies, potentially sensitive information becomes more vulnerable to the threat of cyber attacks and security breaches that take place electronically. Such attacks can be costly, both immediately and in the long term, and unless you specifically have a cyber liability insurance plan, your enterprise could be forced to...
