Contact Us Today / 516.358.5600 ☰ ˟
Contact Us Today / 516.358.5600
Sexual Harassment Training COVID-19 FAQ Client Portal
Logo
  • Home
    • Home Page
    • Anti-Sexual Harassment Training
  • Get a Quote
  • Insurance Offered
    • Automobile
    • Business & Commercial
    • Church Insurance
    • Cyber Liability Insurance
    • Daycare Insurance
    • Health Insurance
    • Homeowner's Insurance
    • Life Insurance
    • Nonprofit - Social & Human Insurance
    • Professional Liability Insurance
    • School Insurance
    • Voluntary Benefits Insurance
    • Crime Insurance
  • Blog
  • Resources
    • Customer Service
    • File a Claim
    • Secure Area
    • Refer a Friend
    • Important Links
    • Calculators
    • Important Files
    • Free Reports
    • Insurance Glossary
    • Frequently Asked Questions
    • News Center
  • About Us
    • About Carriage Trade Insurance
    • Location Map
    • Employee Directory
    • Partners
    • Customers Testimonials
    • Privacy Policy
  • Contact

What type of insurance coverage do you need?
Home > Blog > Top 8 Threats to Small Businesses
FRIDAY, MAY 25, 2018

Top 8 Threats to Small Businesses

Image result for small business tips

 

 

Optimism is the fuel that drives the entrepreneurial spirit. Too much optimism, however, can get a small business owner into trouble. A business plan built solely on the "best case scenario" can be dangerous . That's why smart business owners must temper their innate optimism with a healthy dose of reality. In other words - they learn to manage risk.

  

1. Protecting your property

Property holdings are often a small business owner's largest asset. Therefore, for the long-term security of your small business, it is vital that you evaluate potential threats to your property and develop a plan to manage those threats. 

Image result for protect assets

 

2. Business interruption

Is your business prepared to handle a storm? Do you have a plan in case a fire causes your facility to become temporarily unusable? Ill-prepared business are often forced to shut down operations completely during repair, which can irreplaceable damage to your brand and employees. Having plans in case of weather or other accidents can help you maintain your business and mitigate long-term problems.

Image result for business interruption

 

3.Liability losses

Protect your assets with adequate Commercial General Liability Insurance coverage.

 

4. Key person losses

Many small businesses are built on the talents and expertise of a few key individuals. Have a plan for maintaining your current level of performance and revenue stream in case one of your key members is suddenly unable to work.

 

Image result for executive board

 

5. Injuries to employees

 Understand your employee health and safety obligations. Have proper pre- and post-accident procedures in place.

 

Image result for workplace safety

 

6. Managing electronic data and computer resources

With the increased risk of data breaches and hacks, having proper security systems and personnel in place is crucial for protecting your business, employees & clients.

 

Image result for protecting against data breach

 

7. Employment practices

Be cautious of wrongful employment practices which can cost you your reputation and business overall.

 

Image result for wrongful employment

 

8. Contracts

Evaluate every contract and agreement with a professional before signing anything. 

Related image

 

Evaluate your potential threats, and always have plans in place in case your small business experiences a threat.

Contact Carriage Trade Insurance to learn more about how our Business Insurance options can protect your small business. 

Posted 3:30 PM

Tags: small businesses, tips, business insurance
Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2014
  • 2013
  • 2012

  • safety tips(59)
  • auto insurance(44)
  • business insurance(26)
  • health insurance(24)
  • driver safety(23)
  • homeowners insurance(21)
  • cyber security(20)
  • cyber liability(17)
  • distracted driving(14)
  • tips(13)
  • driving safety(12)
  • health tips(12)
  • daycare insurance(11)
  • school insurance(10)
  • nonprofit insurance(9)
  • prevention tips(8)
  • driving tips(8)
  • auto coverage(7)
  • car safety(6)
  • summer safety(5)
  • emergency kits(4)
  • woodworking insurance(4)
  • don't text and drive(4)
  • storm safety(3)
  • drunk driving(3)
  • emergency tips(3)
  • cyber safety(3)
  • social media safety(3)
  • cybersecurity(3)
  • woodworkers insurance(3)
  • covid vaccine(2)
  • life insurance(2)
  • lumberyard insurance(2)
  • coronavirus(2)
  • non-profit insurance(2)
  • directors and officers insurance coverage(2)
  • woodworkers tips(2)
  • awareness(2)
  • machinery safety(2)
  • safe computing 2022(2)
  • sexual harassment(2)
  • renters insurance(2)
  • covid 19(2)
  • #coronavirus #healthinsurance(1)
  • tips for nonprofit organizations(1)
  • tire safety(1)
  • local business(1)
  • mary quinn's mark foundation(1)
  • driving emergencies(1)
  • spring(1)

View Mobile Version

Our Customer Feedback

Read More

Our latest blogs

  • Carrier
  • Carrier
  • Carrier
  • Carrier
  • Carrier
  • Carrier
  • Carrier
Carriage Trade Insurance Agency, Inc.
99 Tulip Avenue
Suite 404
Floral Park NY 11001
At Carriage Trade Insurance, the spirit of creativity is alive and well! We’ve dedicated our careers – a combined 40-plus years – to continually stay abreast of trends and innovations in the insurance industry and put that knowledge to work for you to create unique and individualized insurance solutions.
We're here for you
Home Page/ About Us/ Contact Us/ Our Blog/ Latest News/ Join Our Newsletter/ Refer A Friend
Quick Help Links
Quote Forms/ Service Forms/ File a Claim/ Insurance Glossary/ FAQs
Icon Icon
Icon Icon Icon
Social Icon Social Icon Social Icon
© Copyright. All rights reserved. Powered by Insurance Website Builder