Entries by kelsey

Hiring in California: How to Reduce Your Risk

Hiring new employers can be risky for company culture and the bottom line.

Since new employees are hard to come by, sometimes the decision to hire is rushed and there can be increased risks involved with the hiring process.

Even Brenda Jo Robyn, founder of Competitive Edge Insurance, screens employees pre-hire on Motor Vehicle Records (MVRs). This checks if they have a clean record and can they legally drive for your company, which ultimately will help with company rates.

Bundling Insurance: Pros and Cons

If you’ve ever seen a Geico or Progressive commercial, you have probably heard the term “bundling insurance” thrown around, but is it actually worth it as a commercial provider?

Four Types of Insurance Coverage for your Business

Niche beauty insurance solutions can miss areas of business insurance that might bridge gaps in the event of falls or other general liability claims. With health and wellness insurance, unique situations are bound to arise depending on your business’s current environment and changes.

What Classifies High Risk?

Well, the answer is, if you’re a small business owner, general contractor, or even car owner, you likely need high-risk insurance. Depending on the industry you’re in, however, it can be difficult to fund coverage or losses.

Unique Risks of Cannabis Insurance

The emerging cannabis market has created a new space for industry coverage. There are unique risks that come with cannabis insurance that shouldn’t be overlooked. If you’re wondering the difference between cannabis and hemp insurance, read our article explaining the differences here. But for now, let’s talk about the unique risks of cannabis insurance.

What’s happening with EIDL?

“The SBA is launching a new round of Economic Injury Disaster Loan (EIDL) Advances – called Targeted EIDL Advance – which provides eligible businesses with $10,000 in total grant assistance. If you received the EIDL Advance last year in an amount less than $10,000, you may be eligible to receive the difference up to the full $10,000. The combined amount of the Targeted EIDL Advance and any previously received Advance will not exceed $10,000.” 

Payment and Performance Bonds Explained

In simple terms, a payment bond enforces that everything must be paid once a project is completed. Payment bonds are also surety bonds and are required for most state projects based on the Miller Act.