Tag: business

20
Apr

Reduce Risk to Your Commercial Vehicles

Your business may rely on its vehicles to deliver your product or service, so it pays to know how you can reduce risk to your commercial vehicle.

Commercial auto insurance can protect your commercial vehicles should they get into an accident. Whether you use your personal vehicle to go to and from meetings or own an entire fleet of commercial vehicles, you need to purchase commercial auto insurance to protect them. While a commercial auto insurance policy can offer protection, it is best to avoid accidents and protect your employees and vehicles. Here are a few tips on how you can reduce risk to your commercial vehicles and employees.

Vehicle Use Regulations

While some work rules may be more flexible, these vehicle regulations should have no wiggle room.

  • Only use business vehicles for business. In order for coverage to apply, ensure that vehicle use relates only to business. Employees should use their personal cars for personal use.
  • Lock the vehicle at all times. Employees need to lock the doors at all times, especially when they are on the job. When permissible, cars should be parked in a secure and well-lit area.

Employee Driving Rules

  • No cellphones. Distracted driving is a real threat that plagues almost every driver. It is the leading cause of accidents and actually banned in many states across the nation. Even if it is legal in your state, prohibit your employees from using their cellphones while on the road.
  • Seat belts are mandatory. Seat belts are the law in nearly every state. Seat belts have prevented deaths and have limited the severity of injuries for decades. There is no reasonable excuse for not wearing a seat belt.

Your business depends on its commercial vehicles to deliver its services, ensure that your employees know how to stay safe. Make sure that your small business is protected with the right commercial auto insurance policy. Contact Abatelli Group, Inc. for a proper policy on your insurance needs.

6
Apr

How to Find Business Insurance That Matches Your Business

Every business is different and requires different levels of coverage, which is why it is important that you find the appropriate coverage that matches your business. 

Your small business can come in countless sizes, and for every size there is a small business insurance plan that is right for you. The coverage that is right for your business depends on a few factors like your business type, where it’s located, and whether or not you have employees. If you want to purchase the right business insurance that matches your business, take these tips into consideration.

Finding Insurance for Your Business

Home-Based Businesses

Many successful businesses started from the safety and convenience of their home. Normally, home-based businesses consist of zero or one employee and generate relatively little revenue. But that doesn’t mean home-based businesses should go uninsured. Homeowners insurance will not cover liability or damage done to your home-business’ equipment. You have to ensure that you purchase a business insurance policy that covers your home-based needs.

Small Businesses

Many insurers consider a business with 50-100 or fewer employees to be a “small business.” A very common small business policy is called a “business owners policy,” or BOP. If you have fewer than 100 employees and only make a revenue of up to $5 million, a BOP may be right for you. Every business is unique, and a BOP may not suffice. You can customize your insurance policy to meet all of your business’ requirement to ensure that it is safe from all the risks that pose a threat.

No matter the size of your small business, you can count there’s a business insurance policy to match its needs. Make sure that your small business is protected with the right commercial insurance policy. Contact Abatelli Group, Inc. for a proper policy on your insurance needs.

19
Dec

End-of-the-Year Checklist for Small Businesses in Whitestone

As the end of the year winds down, small businesses in Whitestone need their owners now more than ever–make sure your business is ready for the new year. 

Before you go out and purchase your 2017 party hat and shades, make sure that you have your business taken care of. As a small business owner, you know there is a lot for you to do at the end of the year. Ensure you hit the ground running in 2017 by paying attention to your business accounting and IT. Here is what you need to do for your small business before we turn the final page of 2016 and start a new chapter in 2017.

  1. Analyze Your Cash Flow Statements
    You need to know how your money was spent throughout the year so you can restrict a little here and a little there. You want to take a look at the following three forms of your business’ cash flow:
    – Operating activities
    – Investing activities
    – Financial activities
  2. Run Standard Reports
    Use this time to review where your business stands financially and how that compares to your previous years and what that could mean for the future. You want to create a complete financial report–you can use an accounting software to do so.
  3. Back Up Your Data
    Make sure that all of your files (accounting, client files, creative briefs, emails, etc.) are backed up and secure. You should secure them on an external hard drive and on the cloud.
  4. Back Up Your Contacts
    Most of us simply store our contacts on a digital file and no longer use a phone book. But what if the disc on which your data is stored becomes corrupt? Your contacts are gone forever. Make a habit to write down your contacts or store them on the cloud.

Make sure that your small business is protected with the right commercial insurance policy. Contact Abatelli Group, Inc. for a proper policy on your insurance needs.

COVID-19 Update

We are no longer working remotely. You can reach us at (718) 352-6000 Letter to Policyholders