Author Archives: Business First Family

Why Is Liability Insurance Necessary For Contractors And Their Businesses?

Many people view insurance as protection against unknown risks. But that’s not exactly true. These policies protect against foreseeable risks. For example, it is foreseeable, although not inevitable, that a soldier will be shot in battle or a firefighter will get wet when responding to a structure fire. General liability insurance (GL) policies protect your business against foreseeable risks. It ... Read More »

Understanding The Relationship Between Cybersecurity And Fraud Prevention

Cybersecurity and fraud prevention are two different protective measures that operate under the same umbrella. Often times, it is necessary to integrate the two when planning to safeguard data from potential breaches. Fraud attempts are often a result of using data that has been siphoned by penetrating cybersecurity measures. In order to ensure that cybersecurity and fraud prevention are fully ... Read More »

Can You Have A Power Of Attorney For Business Accounts?

A power of attorney grants an individual or entity the ability to act on behalf of another individual or entity. The power of attorney form gives legal authority to an agent to act on behalf of a principle. Across many industries, there are several types of power of attorneys (POA) that business owners use. However, you might want to know ... Read More »

How Small Businesses Can Assess Their Own Vulnerabilities

No one wants to think about their weaknesses, let alone that of their business’s. After all, your business is like your baby. But, not being able to look at what needs fixing only stunts business growth. It’s essential that business owners identify potential pratfalls to keep the company going strong. Here are a few ways small businesses can assess their ... Read More »

Why Phishing Attacks On Businesses Are Here To Stay

A cybersecurity report in late 2016 found that 91 percent of cyberattacks start with a phishing email. The report cited the human reasons why phishing email recipients are easily duped: curiosity, fear, urgency, reward/recognition, entertainment, and opportunity. As long as people continue to demonstrate these traits, it’s a safe bet phishing attacks will continue into the future. A separate report ... Read More »

Start A Farm-to-Table Business Model In Multiple Industries

The farm to table movement redefined what it meant to dine anywhere from rural to urban areas. But what does it really mean? The term “farm to table” refers to locally-sourced ingredients that are often organic or natural. People ate up the concept and it has evolved to a mainstream demand for seasonal, fresh menus sourced from local farms and ... Read More »

How To Become A Coffee Franchise Owner For Less

The average American spends a lot of money on coffee every month. You would be wise to get into the billion dollar coffee market. However, starting a coffee business can be very challenging. After all, there are many dominant coffee franchises like Dunkin Donuts, Starbucks franchise and Tim Hortons (in Canada). Despite the intense competition between coffee franchises, you can ... Read More »

4 Ways Your Business Benefits From Professional Indemnity Insurance

There are many forms of security and protection that a modern business requires, from taking measures to reduce cyber threats to practical steps for safeguarding premises. There is also another area that must be considered: insurance. Depending on the industry, a business may need several types of insurance, including professional indemnity. But before we discuss the benefits of this insurance, ... Read More »

5 Different Types Of Hosting Plans For Businesses

There are many different types of hosting plans and packages. Since every business is different, hosting companies have differentiated themselves by providing various services that companies need. If you are a business owner, you might be wondering why there are so many different hosting plans. To help you find out the best hosting plans for your business, we have covered ... Read More »

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