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There’s Insurance for That

Are you feeling overwhelmed at the prospect of finding the right insurance solution for your needs? You’re not alone. A quick check of insurance companies in San Pedro reveals a broad array of insurance coverage types. Most people are familiar with the more common types of insurance, such as life, health, auto, homeowners, and renters coverage. However, there are far more offerings of insurance plans to be found.

 It’s Not Personal, It’s Business

Business insurance can cover nearly every aspect of a company’s operations:

  • Workers’ compensation insurance
  • Commercial property insurance
  • General liability insurance
  • Key staff insurance

 It’s Not Business, It’s Personal

If you’re interested in covering aspects of your personal life, there are insurance products for that as well:

  • Disability insurance
  • Long term care insurance
  • Funeral or final expense insurance

 It Isn’t Personal or Business — It’s Special

In addition to the types of insurance listed above, companies offer insurance products for a wide variety of specific needs, such as those identified below:

  • Insurance for vehicles used in TV shows
  • Insurance against being abducted by aliens
  • Insurance for various body parts

There are dozens of scenarios in which the appropriate insurance coverage can provide peace of mind and financial protection. Insurance companies can help you in your search for the right product.

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Reduce the Environmental Impacts of Your Laundering Businesses

Business owners who find ways to reduce the environmental impacts of their operations appeal to the growing number of consumers who make decisions on where to spend their money based, at least in part, on how sustainable a company is. While it might seem challenging for laundromats to slide into this niche, there are several steps you can take to improve your ecological footprint.

Creating a Greener Laundering Service

There are three primary challenges to creating a greener laundry service:

  • Chemical usage
  • Energy consumption
  • Water use

Experts indicate that making changes in these three areas can reduce the environmental impact of a laundromat.

Taking the First Steps

Chemical usage is one of the greatest concerns for environmental safety in laundering facilities. Dryer sheets, detergents, and dry-cleaning agents all pose threats to water and air quality, as well as human and ecosystem health. Offering or using products that do not contain these toxic chemicals is one step you can take. Fortunately, these products are becoming more widely available.

The types of machines used in laundry facilities are primarily responsible for high water consumption and energy use. Making changes to your equipment can significantly improve your environmental footprint. Modern washing machines are available in models that require less water and power, yet get the job done just as well as those that are less efficient.

Taking just a few measures can greatly improve the sustainability of your laundry facility. You can do your part to take care of the environment while attracting more customers and saving money over the long term.

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2 Key Risk Areas for Corporations

Everyday business relationships and management activities carry the same amount of risk as running a heavy piece of machinery or large construction vehicle. The nature of the risk is different, but there is an inherent risk just the same. Corporations, along with the directors and officers, often secure multiple insurance policies to help offset the costs of the liabilities these numerous risks pose. Management liability is the comprehensive term used to describe the variety of policies generally included in a corporate-need insurance package.

Directors and Officers Liability

With D&O insurance, the directors and officers of a corporation are personally protected from financial loss that could arise from litigation against the individuals. Should a client allege a wrongful act against a member of the board or stemming from the actions of the board, the insurance policy covers the cost of the defense and potential settlement awards. The finances of the individuals (s) accused aren’t personally jeopardized.

Fiduciary Liability

Any kind of supervision over an employee benefit plan and investment accounts is open to accusations related to fiduciary liability. Claims over negligence or wrongdoing with regard to disability benefits, profit sharing, medical or life insurance, and retirement plans can be taken care of through fiduciary coverage.

These two areas are key risks for corporations and overseeing management. Insurance coverage provides some financial protection, but risk management strategies should be in place to further reduce liability.

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Understanding PEO Coverage

If you find yourself asking what is PEO, learn more about what it can do to help your company if you have a small to mid-size business. PEO can make it easier to outsource HR tasks, allowing you to focus on what is most important: operating and growing your company.

Knowing What PEO Does

PEO is short for Professional Employer Organizations, and it takes care of HR duties that you might not want to deal with. This can range from payroll to managing benefits and even general HR duties. Many businesses would rather have someone else handle these, rather than try to quickly learn specific laws or deal with additional work that could take time away from the business, according to insuremyworkcomp.com. This can save you time and give you peace of mind.

Understanding How PEO Can Help Save Money

When you have a PEO to help you out, they can help you save money in various ways, such as getting workers’ comp claims reduced or taking care of time-consuming tasks that could take away from growing your business. Working with a professional HR agency can make life easier in more ways than one.

The next time you ask yourself what is PEO, know that it is another way for business owners to save money while getting the help they need when it comes to HR services.