This post aims to clarify any confusion regarding why and how a CVV (or CVV2, CVC, or CID) number is vital for your small business. Because payment companies mandate all merchants to collect the credit card CVV code during online or manual card entry, you’ll need to find a payment processing company that’s up to date with the latest policies.
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The types of business insurance you need for your small business in Texas will vary according to your specific business needs and risks. Generally, it’s best to start with general liability, workers’ comp, and commercial property insurance if you have a physical storefront, and then scale up from there.
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Jan 30, 2023
Filed under: Business Insurance
The types of insurance you’ll need for your Florida small business will depend on your business-specific risks and needs, but it’s generally a great idea to start with a business owners policy, which bundles general liability and commercial property insurance. You’ll most likely need workers compensation if you have employees, and if you use vehicles for business-related purposes, commercial auto insurance will be required as well.
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Jan 17, 2023
Filed under: Business Insurance
What is PCI compliance? What does it mean? Is it mandatory for businesses? Arming yourself with a basic understanding of PCI can help you navigate a lot more than you think when it comes to choosing the payment processor, merchant account, or outside payment security specialists you may need. Here’s what you need to know about all things PCI-related.
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One of the most important decisions you make as a small business owner is how you will accept payments from your customers. Will you stick with the traditional cash register, or would a modern point of sale (POS) system be a better fit?
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Aug 24, 2024
Filed under: Point of Sale
Cleaning insurance starts with general liability insurance. It’s one of the two most important types of business insurance available. The other is commercial property insurance, and these two policies are often bundled together in a combined policy known as a business owner’s policy (BOP). Depending on how you run your business, you may want additional coverage.
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Aug 23, 2023
Filed under: Business Insurance
Thinking about starting a food truck business but not sure how to start? This article brings you through the whole process step-by-step, from creating a business plan to funding and marketing your business and everything else in between.
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Aug 21, 2024
Filed under: Small Business
If you rent a storefront for your small business (or plan to in the future), business renters insurance is likely a requirement for your present or future lease. Read on to learn everything you need to know about business renters insurance, including what it covers, where to buy a policy, and how much it will cost you!
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Jan 5, 2023
Filed under: Business Insurance
To determine how much workers’ compensation insurance you need, you have to take into consideration your business’s income, the number of workers you employ, their payroll, and minimum coverage requirements in your state. Your policy should be able to cover two-thirds of your employee’s yearly wage, but you should also consider coverage for medical bills and ongoing care if your industry is prone to work-related accidents.
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Dec 19, 2022
Filed under: Business Insurance
Even though you are not legally required to purchase health insurance for a single employee by law, there are still great reasons to offer health benefits. Health insurance is not a trivial purchase — your employees work harder and better when they feel protected and healthy. Now, with the addition of the tax benefits and expanded options, it’s easy to finally make it happen.
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Jul 25, 2023
Filed under: Business Insurance