When an employee becomes unemployed at no fault of their own, that worker can receive a small amount of money to help them make ends meet during unemployment. That money comes from unemployment insurance. Unemployment insurance is funded by payroll taxes.
Read More What Is Unemployment Insurance?
Many businesses use benefits as a way to attract employees. For many employer-sponsored benefits, you can decide to contribute funds. To improve employee retention at your business, and increase your company’s bottom line, you might institute a vesting schedule for your contributions. What is vesting?
Read More What Is Vesting?
Company-sponsored life insurance is a pretty popular employee benefit. Eighty-five percent of organizations offer it, and 98% of employees with access to the benefit enroll. Thinking about offering group-term life insurance? Like any benefit, first understand employer tax responsibilities.
Read More Do You Offer Group-term Life Insurance? Here’s What That Means for Taxes
To run a successful business, you need to take some risks. But, risk-taking doesn’t mean you don’t do a little risk management for small business to protect your company from losing money. While you can’t avoid every threat, some types of business insurance can help lessen the financial blow when the unexpected happens.
Read More 9 Types of Business Insurance You Can Shop Around For
Handling personally identifiable information (PII), such as names and Social Security numbers, can be nerve-racking for business owners. So, you need to protect the PII of your customers, vendors, and employees from hackers and data breaches. To defend your company from cyberattacks and their consequences, you might consider cyber security insurance. But, is cyber insurance […]
Read More Is Cyber Insurance Worth It? What to Know Before Taking the Plunge on a Policy
Notice something fishy about an unemployment claim that you receive? If so, one of your employees might have fallen victim to unemployment fraud … which means you could, too.
Read More A Rise in Unemployment Fraud Requires Quick Employer Action
Businesses. Workers. Investors. The government. Everyone uses the unemployment rate to measure how well the economy is doing. You might keep an eye on the national rate, but what about unemployment rates by state?
Read More Unemployment Rates by State, and What it Means for Your Business
Businesses, insurance companies, and the government all use waiting periods. If you provide company-sponsored benefits to employees, you might decide to set a waiting period. So, what is it?
Read More What Is a Waiting Period for Employee Benefits (Like Health Insurance)?
Changing insurance plans can seem like a major hassle for your entire company, especially your employees. But, it doesn’t have to be. Maybe you want to switch plans because your current one is too costly. Or, maybe you have no choice but to switch. Whatever the case may be, changing health insurance plans can be […]
Read More 5 Steps for Changing Insurance Plans at Your Small Business
Your business is your pride and joy. And if you’re like most owners, you’ll do whatever it takes to protect it at all costs. But, you can’t always protect your company from unexpected events, like natural disasters. To keep your business safe and help it stay afloat if disaster strikes, consider investing in business interruption […]
Read More Business Interruption Insurance: Protecting Your Company from the Unexpected