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Social networks are giving small business owners the ability to extend their reach over the internet like never before. Professional social media site LinkedIn allows owners of small firms to recruit prospective employees, network with thought leaders in their industry and organize processes in their own enterprises for free or a small monthly fee, depending on the level of membership. A recent article for Fox Business outlined how small business owners can use LinkedIn to their advantage.

Share personal information and learn about job candidates
LinkedIn gives users the ability to post their resumes and professional skills on their pages for small business owners to search for and learn about prospective job candidates. By the same token, jobseekers can look at the pages created by small business owners to get a feel for their personalities and what it may be like to work for them. By being as transparent and receptive as possible, small business owners may be able to recruit some of the top talent on LinkedIn.

“LinkedIn has really embraced social media, so you’re not just fueling the executive resume, but also getting a sense of what’s in their heads,” Cecilia Pagkalinawan, owner of StyleTrek, told the news source. “Even though most of what you see on my profile is related to fashion and ecommerce, you can also see that I like to travel.”

Gather insights from LinkedIn users in their industries
Networking is easy on LinkedIn with the feature that allows users to create and join groups, enabling members to get involved in conversations that can help them with their own businesses. By posting relevant content and sharing smart insights in these groups, small business owners can gain more juice in their industries. Group members can also sit back and learn from some of the top thought leaders.

“I look for more narrow groups, instead of huge groups with hundreds of thousands of members,” Wendy Lewis, president of Wendy Lewis & Company, told the news source. “Otherwise you just get lost, and it dilutes the meaning. It’s better to stay focused on what your real goals are.”

Beware of bad links
Computer hackers are constantly using social networks as a way to spread their viruses. It as easy as compromising one’s page and seeking out a harmful link to all of their connections. In order to seek protection for these risks, small business owners should buy cyberliability insurance, which can protect them from liability claims to false or stolen information on the web.

 

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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