Inland marine offers coverage to protect your products, materials, and equipment from events such as theft, fire, wind and hail, water damage, accidental damage, and mysterious disappearance. It does not cover damages that occur at your main business location, damage to commercial vehicles, items shipped by air or sea, or earthquake and flood damage.

Businesses are required to carry workers’ compensation in all states except Texas. In many states, workers’ comp is required as soon as you hire your first employee. Other states tie coverage requirements to the number of employees you have. Talk with a licensed insurance agent to make sure you have the coverage you need.

If Toast seems pricey or too restrictive, check out one or more of the restaurant POS systems on this list. Most of them offer a free trial or free demo that you can use to test out the system before committing. A lot of these Toast competitors offer month-to-month contracts (or no contracts at all) making it easier for you to move between systems if needed to find your perfect fit.

Laundromat software and POS systems must have specialized features for everything required to run a successful laundry business. These features include in-person transactions, inventory management, and tracking for services like dry cleaning or wash and fold.

Sole proprietors can protect their businesses by taking out business insurance. Start with general liability and commercial property policies, and then talk with your insurance rep about any recommended additional coverage.

At its most basic, a business insurance quote is a document that shows what you could expect to pay for a policy from an insurance provider. Each business quote will be different due to the unique needs of each business and factors such as industry, number of employees, past insurance claims, and deductibles. 

Bank statements are important for personal and business finance for a few reasons, including tracking income and expenses, identifying fraud, applying for funding, and tax purposes. 

A bank routing number is a 9-digit number that uniquely identifies your bank account. Also known as American Bankers Association (ABA) routing numbers or routing transit numbers, these numbers were originally created by the ABA to make the check transaction process faster and more efficient. Routing numbers are also used for direct deposit forms, apps like Venmo and CashApp, or payments through services like PayPal.

Online banking works similarly to traditional banking; there’s just no physical location for you to visit and sometimes fewer products (loans, different accounts, etc.) to choose from.

While small business health insurance is an additional expense for your business, the benefits for both you and your employees are likely worth the cost. Potential tax benefits for your business and happier and more productive employees make adding health insurance as a benefit a win-win for your small business.