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Small business owners working more than ever this summer

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Summer is a common a time for the business world to slow down, as many top executives are out of the office for multiple days, relaxing on vacation. However, this simply isn’t a reality for small business owners, as 60 percent said they are working more this year than they did in 2011, according to a recent survey conducted by Manta.

For the brave small business owners that are going vacation, seven out of 10 respondents said they will stay in touch with people in the office while on their trips.

“As a small business owner, I don’t have the luxury to ever really shut off from my business,” said Terry Benton, owner of Louisiana-based Terry’s Fabric Cottage. “While it can sometimes be a double-edged sword, my mobile device allows me to stay connected so I can enjoy time away from the office.”

Business applications and smartphones are believed to make life easier for small business owners who are away from the office. Sixty percent of respondents said they can relax more on vacation due to these innovations in technology. However, the increased reliance on smartphones demonstrates the need for business owners to invest in cyberliability insurance policies.

 

General Liability Insurance

What Is General Liability Insurance? Commercial General Liability Insurance protects small-business owners from claims of injury, property damage, and negligence related to their business activities.

Workers’ Compensation

What Is Workers’ Compensation Insurance? Workers’ compensation insurance covers your employees’ medical expenses and at least some portion of their lost wages if they are injured on the job.

Business Owners Policy

What Is a Business Owners Policy? A BOP is simply bundled insurance designed to provide essential coverage to certain business owners at a competitive price. A BOP insurance coverage includes

Professional Liability Insurance

Professional liability insurance also called , errors and omissions insurance (E&O; insurance), protects you if a client claims that your services caused them to suffer a financial loss. While general liability insurance is primarily focused on property damage or bodily injury,

Disability Benefits Insurance

Employers in New York State are obligated to offer disability benefits insurance to their employees. This coverage is specifically designed to provide financial assistance in the event of off-the-job injuries or illnesses.



Business Umbrella Insurance

Without Business Umbrella Insurance (also sometimes called Umbrella Liability Insurance or Excess Liability Insurance ), you would have to pay the uncovered expenses out-of-pocket. Even if you carry General Liability Insurance for your business, without business umbrellainsurance you might face a repair, settlement, or judgment in excess of your coverage limit.

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