A Business Insurance Update
The next few weeks are important for every business. The holidays are not just for retailers, as many businesses rely on a healthy last quarter to help them finish the year in the black. Your business insurance plays an important role in this, as it protects you from un-planned losses. By being well prepared, owners and their families increase their chances for a happy holiday season and a happy and prosperous new year
Here are a few tips to help your business plan for the holiday, and year’s end.
· Make sure your business is following all COVID guidelines established by your local government.
· Employee theft is a big problem during the holidays as well. However, more than just stock or equipment theft, employees have access to other major assets, like cash, too. Make sure you have proper accounting processes in place.
· If your business has increased revenue during the last quarter, verify that your business income insurance will address the seasonal increase.
· Flu season is in full swing. If your employees are out sick, it can affect your emergency management and business continuity.
· Companies can get scammed just as easily as individuals do, and the holidays make an ideal time for attackers to take advantage of your employees. You can help prevent email scams and cyberattacks by communicating the latest threats and scams with your workers.
· When it comes to decorations around the office, you will want to ensure that none of them creates opportunities for accidents. This means being aware of extra lighting and candles that might be part of the holiday office décor, and making sure no decorations act as a trip and fall hazard.
Hiring Seasonal Workers Early and Training Properly
Start the hiring process early to allow enough time to fully vet employees. This includes conducting background checks and planning sufficient time for onboarding seasonal hires. After a new hire has been on boarded, evaluate his or her level of experience before assigning specific tasks.