What Should You Do When Your Silicon Valley Bank Fails?
The collapse of Silicon Valley Bank in the early days of March 2023 is more than just a bank failure—it’s a symptom of the times. As the American economy (and, in fact, the global economy) teeters on the brink of recession, chinks in the armor will begin to appear. This is where Silicon Valley Bank’s […]
How to Insure Specialty Landscaping Equipment
Specialty landscaping equipment can be a significant investment for any landscaping business—often your largest investment. From lawn mowers to excavators, these machines are essential for maintaining beautiful landscapes and completing projects efficiently. However, like any piece of equipment, specialty landscaping gear can be vulnerable to theft, damage, and much more. That’s why it’s essential to […]
Assuring Safety Amongst Your Landscaping Team
Landscaping is a physically demanding job that requires your team to work with sharp tools, heavy machinery, and potentially hazardous chemicals. As a result, it’s essential to prioritize safety to protect your team and your business. But, what can you when assuring safety amongst your landscaping team is your first priority?
Always on the Road: How Landscapers Can Save on Commercial Auto Insurance
Landscapers spend a significant amount of time on the road traveling between job sites, which increases their risk of accidents and other vehicle-related incidents. As a result, commercial auto insurance is an essential coverage for landscapers. However, with the rising cost of insurance premiums, it’s essential to find ways to save money on commercial auto […]
How to Know if You’re Overpaying for Your Contractors Coverage
As a contractor, it’s important to carry adequate insurance coverage to protect your business from unexpected events and to fulfill your clients’ requirements. At the same time, you don’t want to pay too much. In fact, many contractors are unaware that they might be overpaying for the coverage they have and may not be getting […]
Steps for Acquiring Insurance for Your Contractors
As a contractor, you understand the importance of protecting your business and employees. Whether you’re a plumber, HVAC technician, electrician, roofer, or general contractor, you must purchase a wide range of insurance products to secure your business and employees. But, how do you obtain business insurance for a contracting firm? Use these tips to work […]
The 4 Most Common Auto Shop Injuries According to OSHA
Working in an auto shop is a physically demanding job that comes with inherent risks. While no one wants to consider it, there’s a chance that anyone in the shop could be hurt at any time. According to the Occupational Safety and Health Administration (OSHA), auto shop workers face numerous hazards that can result in […]
The Great Resignation: How to Improve Employee Retention in the Auto Industry
The automotive industry seems to be experiencing a phenomenon known as the “Great Resignation,” where many employees are quitting their jobs in search of better opportunities. This trend is not unique to the auto industry, but it‘s a holdback all the same. It’s important for auto industry employers to focus on employee retention strategies to […]
What Types of Insurance Do You Need to Run a Tire Shop
Managing a tire shop or dealership comes with its own risks and exposures. As a tire shop owner or manager, you must protect your business financial losses or even closure by carrying a bit of financial security—namely, insurance coverage. Not only is insurance the best way to ensure your tire shop is protected against risks […]
What Type of Retirement Plan Should My Business Implement? – Part 8
The Benefits of Saving in a Retirement Plan or IRA Why should someone save in an IRA or a retirement plan, instead of a regular savings account? Individual Retirement Accounts (IRAs) and retirement plans provide tax advantages that a regular savings account does not. There are two types of tax advantages: Pre-tax: Making a traditional IRA contribution or pre-tax 401(k) deferral, you do […]