Straight From The Source Blog by Higginbotham Insurance

With access to a company’s balance sheet, net working capital can be calculated simply by subtracting current liabilities from current assets.

If your business is based on products, rather than services, you need to know how to set up a warehouse. If you are a reseller, your success depends on a ready supply of the items you offer so that customer orders are fulfilled promptly.

If you have a vacant commercial property, you need vacant property insurance. Unoccupied and vacant properties are subject to many of the same risks that occupied properties are subject to. Vacant and unoccupied properties may also be vulnerable to additional risks. Maintaining the proper property insurance for unoccupied commercial properties is essential.

What is a Values Statement?

Values statements, or value statements, are the core, guiding principles of an organization; they define what a company believes in and how people in the organization are expected to behave—with each other, customers, vendors and other stakeholders.

It’s easy to plan for good times. When everything goes as it should, you can focus on growing your business and meeting your corporate objectives. But what happens when things don’t go as planned? Maintaining business continuity through disruptions takes careful planning.

In a word: Yes, prepaid insurance is an asset. Anything that is owned by a company and has a future value that can be measured in money is considered an asset. This includes cash, accounts receivable, inventory, real estate, buildings, equipment, supplies, vehicles – and prepaid expenses, such as insurance premiums and prepaid rent.

No matter what products or services you sell, the simple act of opening for business each day exposes you to a multitude of liability risks. A customer could slip and fall in your store. One of your employees could accidentally cause damage at a customer’s home or business. Another business could sue you for defamation for speaking negatively about it in your ads.

There are many unknowns in business, but one event is guaranteed and universal: every business will have a succession, whether the incumbent retires, resigns or is removed by fortune or fate.

Insurance coverage is a smart purchase. Sometimes it’s even a necessary expense. When cash flow is low, however, paying for premiums up front can present a problem. For some businesses, premium financing might be the solution.