As a small business owner, you work long and hard to make sure your business is successful. Small businesses are the most common victims of fraud at 31.8% according to the Association of Certified Fraud Examiners. That number is higher than any other business category. The truth is that small businesses are the most vulnerable because they often lack internal controls to curb the effect of scams on their bottom line. So, how can you protect your business from scammers? The first step is to identify the common red flags that accompany a scam and then educate your employees on how to spot them. Below we dive into one of the most common types – overpayment scams – and how to mitigate them.(more…)
As of 2018, there are 30.2 million small businesses in the U.S. accounting for 58.9 million jobs in the country. It’s no secret that small businesses are a crucial part of the U.S. economy and their success should be important to us all.
Managing a small business comes with a unique set of challenges and opportunities. Often times, simply deciding which goals or tasks to prioritize can be a full-time job in itself. As a small business owner, you are probably under a lot of pressure with little room for mistakes. It’s easy to become quickly overwhelmed when managing the million different moving parts of a business but the good news is there are ways to make managing a small business easier. Here are five of our best small business management tips for juggling day-to-day operations.(more…)
A high level of knowledge and understanding regarding industry-specific safety issues and loss trends makes a big difference in reducing workers compensation losses.
In this video, Rhonda McCreedy of DeRosa Corporation, Wauwatosa, Wis., and Chris Halverson of M3 Insurance Solutions, Waukesha, Wis., discuss Society Insurance’s proactive approach to risk control and loss prevention in the restaurant and bar business. (more…)
Many industries in the U.S. are full of family businesses, and the insurance agency arena is no exception. With that come the joys and challenges of families working together. I’ve had the pleasure of experiencing that both as “the new kid” working with my father, and now as “the old guy” with two of my sons in the office.
As a quick aside, as I focus on the family nature of our business, I don’t want to discount or exclude the importance of the rest of our staff. We have been blessed with some outstanding employees who don’t share our last name but have been key to our success. For that, I am also forever thankful.
The Joys… (more…)
Society Insurance participated in a restaurant forum panel discussion for culinary students at Moraine Park Technical College in Fond du Lac, Wis. This discussion included a segment on restaurant insurance.
The experienced panel included:
- Kevin Wondra, Society Insurance Director of Sales and Marketing
- Paul Cunningham, Schreiner’s Restaurant, Fond du Lac
- Ron Jordan, Wisconsin Restaurant Association
- Kyle Cherek, Wisconsin Foodie
As a business owner, you never expect the worst. But you can plan for it. Umbrella liability coverage can protect your business against catastrophic losses. An umbrella policy provides an additional coverage over your primary businessowners, business auto, or employers’ liability coverage limits.
Why should you consider an umbrella policy? (more…)