In an age when so much happens online, businesses must be willing to commit to digital security to best protect the sensitive data and information of themselves and their customers. In fact, some estimates indicate that the global market for cybersecurity will surpass $80 billion next year, indicating just how important this issue has become.
The Different Types of Commercial Insurance and How They May Apply to Your Business
With all the risks that come with running a small business, it’s critically important for owners and entrepreneurs to have proper insurance coverage to protect against unexpected catastrophes. There are many different forms of commercial insurance available to cover a variety of risks.
Property insurance policies
Property insurance is a category encompassing a variety of
Cybersecurity: What Today’s Business Owners Need to Know
When you own or operate a small business, you may feel as if you need to understand and manage a never-ending list of issues and concerns just to ensure the safe, secure and effective operation of your business.
There may be one more you need to add to the list: cybersecurity. As technology continues to
Federal Judge Blocks FLSA Overtime Rule Implementation
Over the past year, business owners across the United States have been trying to prepare for December 1, when new Fair Labor Standards Act (FLSA) overtime rule changes were set to go into effect.
However, in late November, Judge Amos Mazzant of the U.S. District Court issued a ruling blocking the implementation of the rule
How to Create a Strong IP Indemnity Clause
Every product you sell as a manufacturer is subject to the Uniform Commercial Code. This law requires you to guarantee to your customers that your products are free of infringement claims made by other manufacturers.
You may already have customer contracts in place with even more stringent conditions, such as providing legal defenses to customers
Tax Deductions Every Small Business Owner Should Know
Tax deductions are important tools for small business owners that can help them maintain efficient operations while reducing their tax obligations. The more deductions you can take, the less income the Internal Revenue Service (IRS) can tax you on, which means greater savings and more capabilities to grow your company.
The following are a
What Does it Mean to ‘Pierce the Corporate Veil?
One of the main reasons business owners decide to form a company in the structure of a limited liability company (LLC) or corporation is so they can avoid personal liability for business debts, if the business is unable to meet its obligations. However, there are situations in which courts will hold the owners, members or
Key Questions to Avoid When Interviewing Candidates
Whenever you interview candidates who are applying for a job opening, you need to figure out exactly what experience, skills and capabilities they bring to the table that would benefit your organization. However, many employers are just as nervous during the interview process as the candidates, and they may end up asking questions that could
How an Assignment of Contract Works
An assignment of contract happens when one party involved in a contract hands the obligations and benefits of that contract to another party, known as the “assignee.” Generally, the assignor wants the assignee to completely take on all of the rights and obligations of the contract. However, the other party involved in the existing
Establishing a Probationary Period for Your Employees
Most Virgin Islands employees are subject to a 90 day probationary period of employment pursuant to the “Virgin Islands Wrongful Discharge Act”. Notwithstanding this provision of VI labor law, employers may establish probationary periods as a means of evaluating recently hired employees, along with any workers who may not be performing well on the job.