No business is totally immune from disaster. Every year, businesses temporarily shut down—or close forever—because of a disaster such as a flood, fire or hurricane. Forty percent of businesses do not reopen after a disaster and another 25 percent fail within one year, according to the Federal Emergency Management Agency (FEMA).
Severe winter weather can disrupt your business and put a damper on productivity. You can prepare for those potential disruptions by distilling your business into three important categories and then taking steps in advance to prevent and protect against them.
Contracting can be a very labor-intensive job which often poses risks to yourself or your employees and can result in property damage, lost, stolen, or broken tools, and vehicle accidents. As a good business owner, protecting your New Jersey contracting business is of utmost importance.
What is Errors and Omissions Insurance?
Errors & Omissions Insurance (E&O) helps cover the costs of claims against your business that mistakes or omissions were made in providing its services. This coverage is also known as Professional Liability Insurance. Typically, these claims are made by customers or clients of your business who claim they suffered damages because of mistakes your business committed while providing professional services.
The U.S. Equal Employment Opportunity Commission (EEOC) has strict laws in place to protect job candidates and employees from discrimination. You should avoid asking job interview questions about age, disability, genetic information, race or ethnicity, gender identity or sexual orientation, national origin, religion, marital status, having children, pregnancy, or planning to start a family.