
Consult with a LegalZoom Business Concierge on resources to help Start, Grow and Protect Your Business. To submit a question to a LegalZoom Business Concierge,
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In addition to the liability protection that corporations and LLCs provide, business owners will need to address insurance needs to further protect themselves. General Liability, Workers Compensation, Business Owners Policy and Commericial Auto are common policies among small businesses. But whatever you do, shop around and research before committing. Insurance is very commoditized and pricing can vary dramatically. Below are some insurance resources that will you make educated decisions when choosing the right coverage and insurance carrier.
In addition to the liability protection that corporations and LLCs provide, business owners will need to address insurance needs to further protect themselves. General Liability, Workers Compensation, Business Owners Policy and Commericial Auto are common policies among small businesses. But whatever you do, shop around and research before committing. Pricing can vary dramatically. Below are some insurance resources that will help you make educated decisions in choosing best coverage and policy for you.
As you run your business, you will compile an overwhelming amount of data, documents and files. With increased threats of lost data and corrupted files and computers, data storage is becoming growing concern for many businesses. Business owners should plan ahead when it comes to storing important company and customer data, including how this data will be accessed, shared, updated, and protected. As new technology becomes available, LegalZoom will continue to update its recommendations for data storage and protection.
For most small businesses, almost all credit will be based on your personal credit and guarantees, so monitoring your credit ratings and being proactive with ID Theft is very important. Secondly, building and maintaining healthy relationships with vendors is equally as important, given that vendors will check with one another before giving you terms. Bottom line, maintain and monitor your credit! And also be sure to pay your vendors on time.