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Types of Small Business Insurance to Reduce Your Risks

Zenefits

According to The Hartford, 4 out of 10 small businesses will file an insurance claim over a 10-year span.¹ So if you’re in business long-term, the chances of you needing a dependable insurance policy is great. Business insurance protects businesses by mitigating the risks of adverse events.

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How to Choose Business Insurance

Zenefits

One of the most important items a business owner should tend to in that critical phase is getting business insurance. 2021 reportedly proved the second-most costly year recorded for insurers worldwide, largely due to U.S. Insured losses from natural catastrophes alone totaled some $120 billion.¹ extreme-weather events.

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Why Do I Need Business Insurance? 10 Good Reasons

Zenefits

As a business owner you may recognize that not all business insurance is necessarily required. Why do I need business insurance that’s not required and I may never use? It’s simply too risky to forgo liability insurance at the least. Small business owners need the risk protection that insurance coverage offers.

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PEO vs. Insurance Broker: 6 Differences Business Owners Need to Know

Zenefits

In 2021, a reported 57% of non-elderly people were covered by employer health insurance.¹ While a small business isn’t required to provide health insurance to its employees, as it grows and scales, this changes. To provide these health benefits, employers can work with either a PEO or an insurance broker. What is a PEO?

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Decoding Life Insurance as an Employee Benefit

Zenefits

Generally, health insurance, PTO days, and remote work tend to be the top core offerings. But there’s another bread and butter benefit that should be on your radar: life insurance. How does employer-sponsored life insurance work? Purchasing life insurance for your workers is fairly straightforward.

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What to Know About Small Business Liability Insurance

Zenefits

And insurance is meant to cover you — but what policy do business owners actually need? We can’t say what will work for your specific business, but we can lay out what to consider when choosing a policy, key insurance types in simple terms, and how to select a sound insurance policy. What insurance does a small business need?

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Transferring Risk Helps Relieve Leaders’ Biggest Fears

Chief Executive

Some companies perceive buying insurance purely as an expense, a drain on profits. The following are just a small handful of risks that the surveyed global leaders identified as being most troublesome, and potential insurance solutions that may be worth considering to transfer those risks.