Five Money-saving Travel Tips for Small Businesses

To help your business compete, here are a few tips to make your traveling expenses a tiny more palatable.

* Search for cheap airfares. World wide web search engines wage a great resource for cheap fares. Be sure to get on these sites’ e-mail lists so you stay abreast of specials.

* Avoid alcohol. Drinking alcohol at meals can boost your bill. Stay away from adult beverages and you will be much happier when the check arrives.

* Stay in and watch a movie. By simply staying in your room at night and not going to bars or nightclubs, you can save yourself a lot of cash.

* Use free time for free attractions. Instead of heading to the golf course, go to a museum. Free attractions can be enlightening and simple on the wallet.

* Look for a deal on your rental car. You might want to join a discount program for automobile rental.

Car rental discount programs for business have traditionally only been offered to massive businesses. But now, Thrifty’s SmartBiz program is breaking new ground as the first automobile rental discount program designed specifically for small businesses.

With a SmartBiz account, you’ll get low business rates with no minimum financial commitment. A free SmartBiz statement also gets you unlimited miles, free additional drivers, free enrollment, no fees, no dues and no contracts. The statement offers one free day of automobile rental after each 16 rental days with no blackout dates.

Understand Business Insurance for Small Business

Many small business owners rely upon their individualized insurance to cover their small business. This is, especially true, of home business owners. However individualized insurance is not designed to cover a business, and if you do need to make a claim, you might find yourself under insured, or even uninsured!

For instance, your home property insurance might have a limit of a few thousand dollars for the contents of your home. If you have computers, other business machines, or especially, business records, a loss can be much larger. It would be tragic to have an happening or alteration to your home that also destroyed your business assets, and then to find that you can't make a claim to cover your business loss.

Another common example is for auto insurance. If you purchased a individualized insurance policy several years ago, you might not remember the mileage or use you claimed. If you claimed that your mini van was only used for errands and soccer games, and then had an happening while using that automobile to transport business supplies, the insurance company might have a reason to deny the claim!

Many small business owners even grant employees to use their individualized automobiles for business. But if an employee is involved in an happening while doing your business, can you rely upon their auto insurance to cover it? This is a risk you probably do not want to take.

Now you might be healthy to go back and adjust your individualized auto insurance policy to include business use, or you might need a commercial insurance policy.

And if you do business, you are always vulnerable to liability claims. If you do not have proper business liability insurance, one cliam can ruin your business. Even if your business is innocent, the cost of lawyers can run into thoousands of dollars. When you have a liability policy, you also have an insurance company who will work on your side to fight claims.

You really need to look into the common types of business insurance. Commercial automobile insurance, business property and liability insurance, and if you have employees, workers comp insurance, are three policies you should look into.

If your business depends upon the talents of one or more key employees or partners, a key man life and disability policy can protect you from ruin in case of a death or accident. Personal group life insurance provides a benefit that will attract and retain calibre employees too!

And of course, we can hardly speak about business insurance without speaking about group health plans. Now if you are the only employee of your small business, you will not be healthy to get a group health plan. You must take out an individual policy or rely upon a spouse’s health plan.

However, if you have two or more employees, you can find group health insurance. You need to look into the need for a business health benefit plan. A good group health insurance plan can be the one benefit that remember employees are looking for, but it can also be a major expense for your business.

Insurance Coverage You Cannot Afford Not To Have As A Small Business Owner

The purpose of insurance is to protect yourself in case of unforeseen emergencies, and this is no less important for your small business. If you own your own business, this represents a sizable investment of your time, money, and resources, and it is critical that you protect both yourself and your business in the event of the unexpected. An injury to yourself or others, or a fire or flood, and your business can be devastated quickly. There are four types of insurance that any small business should acquire for maximum protection.

First and foremost is liability insurance. If you or one of your employees makes a mistake, or someone gets hurt on your property, you can be held liable for a lawsuit that can result in devastating financial consequences. A good liability insurance policy will protect you and your assets in the case you lose a lawsuit and are held liable for damages.

The second most important type of insurance any small business should acquire is property insurance. No matter what the business is, you will have an investment in equipment, if not structures and property. These need to be insured against fire, flood, theft, or any other incident that can cause you to lose property. After all, you can’t run your business without the necessary equipment and place to work.

Once these two major polices are taken care of, there are a couple of more that should be looked at seriously. One is a business interruption policy. Hopefully, your business is doing well and providing an income and/or profit that is helping to support you and your family. If the business gets disturbed for reasons outside your control, such as a disaster, business interruption insurance can help replace this lost income on a temporary basis. Tied closely to this would be a disability policy, to protect your individualized income in the case that you are disabled by injury or health related problems and can’t perform.

Finally, if you have employees, you need to protect them as they can be some of your most valuable assets. Depending on where you do business you might be required to carry workers compensation insurance. Whether this is true or not, you should also look into health insurance for your employees. This will not only protect them, it can attract superior employees to your business.< /p>

Running a small business is a major undertaking with a lot of things that require your attention. Don’t let the endorsement of you, your assets, and your employees be forgotten.

10 Tips on Buying Small Business Insurance

Small businesses need dedication and vision. And as endorsement they need comprehensive insurance to protect themselves from disasters, illnesses, disability and loss of property and goods among many others.

Every small business owner needs a business owner’s policy cover. This kind of policy is designed to protect each kind of risk possible: property insurance, liability insurance, business income, machinery insurance, human failure, employee endorsement and management protection, and more.

There are many options and the choices can be mind boggling. Here are a few tips for buying small business insurance coverage:

1. Surf the world wide web and download a “business owner’s insurance check list.” This will form the basis of your effort to get small business insurance cover.

2. Make the effort to do a comprehensive search for the many options acquirable both online and offline. Or ask your insurance agent to create a docket of options.

3. Understand what your business will need and seek coverage accordingly. An saint source for insurance coverage is trade associations and business groups; they often have tie-ups with insurance companies for coverage at reduce premium rates.

4. Check the website of the Institute for Business and Home Safety for recommendations: www.ibhs.org and the Small Business Administration: www.sba.gov.

5. Ask for quotes and suggestions from at least three leading small business insurance providers. Making a comparison of the coverage and rates will help you get a good deal.

6. Use a small business liability tool acquirable online to determine the risks visaged by specific small business. Note down the risks and get a quote for an insurance policy that covers all the delineated risks.

7. Contact the same insurance company that covers your life, health hone and vehicle. Often when a company knows a mortal as a client then they offer superior insurance rates and facilities.

8. Often online polices are offered at superior rates. Surf the world wide web for a small business insurance directory and explore buying insurance online.

9. When buying a small business policy online ensure that the company is reputed and has been in business for a long time. Check with the superior business agency whether there are any cases pending against the company.

10. Buy insurance from a leading insurance company that follows clean business practices. This way you will maximize your endorsement as the insurance company will be reliable.

Choose a comprehensive policy and ask for a COLA option; the cost of living adjustment option will ensure that the insurance plan stays current with inflation. Before buying a policy online or offline check the financial ratings of the insurance company.

Ensure that you check the United Says small Business Administration’s standards and stipulations before buying an insurance policy to cover your small business. Check the World Wide Web for updates on insurance laws and needs. Read articles and tips written by insurance professionals. Learn how to protect your interests by making informed choices.

How To Collect Your Small Claims Court Judgment

Small claims court judgments are typically issued due to the default of some type of extension of credit. Most common are demand of rent payments owed, individualized loans or medical procedures performed but not paid for. When this happens, the celebration who granted credit was not compensated so they take the matter to small claims court. In small claims court you are not represented by an attorney and the amounts are typically for less than ,000. The judge then makes a determination if a judgment should be granted. When the judgment is granted, the judgment debtor now has access to legal process to collect and be paid for there judgment.

Why Are So Many Small Claims Court Judgments Unpaid?

Because most people are unfamiliar with this process, they demand the information needed to enforce their judgment. In fact, most people think that they will be compensated on the day the judgment is issued. They are not familiar with the rights of the Judgment Debtor and will seek the advice or service of an attorney. Unfortunately, most attorneys will not take on these types of judgments because the amounts are too small for their services. They typically will charge a percentage of up to 50% of what they collect or an upfront fee. A fee that might not be reimbursed if they are not successful in the collection process. Most people will make the mistake of deciding that it is not worth the time or effort to persue their judgment and just let it go. What they don’t realize is a judgment debtor now has legal tools to help them enforce their judgment and get paid.

What Strategies Can You Take To Collect Your Judgment?

Once you have won your judgment it is very important to contact the Judgment Debtor and let them know you are willing to work with them in repayment before you take further legal action such as remuneration Garnishment, statement levies or property liens. Nine times out of ten, the judgment debtor does not have the capability to pay the judgment off in full. This lays down the foundation that you are going to collect on this judgment one way or another so it is in their ideal interest to negotiate.

Option 1 Repayment Plan

I have been very successful with this first option. I like to offer a 12 month repayment plan with no interest charges. Reason being, depending on your state, you are granted to charge interest from the date the judgment is issued. You can let them know you have the right to charge interest but are willing to abandon if they will sign a promissory note concurring to payoff the judgment in a 12 month period. Let them know that while they are on this option, you will not persue further legal action unless they default.

Option 2 Settlement

 use this option when I do not get a response back from the judgment debtor. I will send a certified letter stating that I am willing to settle on this debt for 35% less of the value. I let them know that if I don’t hear from them by a certain date I will be forwarding the judgment to a Judgment Enforcement Specialist and they will be responsible for the full amount PLUS interest and any fees I accrue. This includes remuneration garnishment, statement levies or property liens. What this means to them is, if they don’t concur to some type of voluntary arrangement, I will persue it legally and take it in full.

Option 3 Hire A Specialist

If you are not getting any results, you might want to obtain the services of a Judgment Recovery Specialist. They will request you assign the judgment to them and they will take additional legal action. You will want to find one that only collects if they are successful in the collection of your judgment. They typically will charge anywhere from 25% to 50% of the amount owed.

If you do not want to out source the collection of your judgment and want to collect on your own, you can get most information needed online or through sites such as http://www.operationfreedom.ws/

How To Collect Your Small Claims Court Judgment

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