There are five main types of franchising relationships, each of which represents a different segment of a franchised company’s supply chain. Depending on factors such as the level of control you want over your business, your business experience/skill-set, and the amount of capital you can access, you might decide to open a business format franchise, product franchise, or a manufacturing franchise.

When you are looking for your very own side hustle, there are a couple of things you want to consider. Can it actually be a side hustle or is it enough work to be considered a full-time position? Do you have the time and energy to add it to your already busy schedule? Is it something you are passionate enough about (or that makes enough money) that you won’t get burnt out too quickly?

You will need anywhere from $1,000 – $100,000 before you start your business, depending on your industry, location, and business plan.

Human resources and discrimination-related lawsuits often settle for large amounts of money. If you have employees, an EPLI insurance policy should be a must for your risk management plan. Without it, you will have to pay to settle these lawsuits out of pocket which could close your small business’s doors forever.

If a third party is injured as a result of your business, and your business is found liable, then liability insurance covers the legal and medical costs associated with physical harm. It does not cover negligence, business malpractice, employee injuries, or vandalism.

Bobtail insurance is a commercial truck insurance endorsement that provides trucks with liability coverage while they’re traveling on the road without a trailer or cargo attached. Bobtail insurance is relatively inexpensive, and most drivers will pay in the ballpark of $400 a year. Factors that determine your cost are your driving record, how often/how far you expect to bobtail, and your policy’s coverage limit.

Does your restaurant have the right insurance? In our complete guide to restaurant insurance, we’ll cover which insurance policies you need, how much it’ll cost you, and where to get the right insurance for your business.

Liability insurance is crucial to protecting your small business from lawsuits and accidents, but not all liability insurance policies are the same. So what exactly is garage liability insurance, and do you need it? And the big question: How much is it going to cost you? Keep on reading to find out.

Fidelity bonds are one form of risk management you may need if you’re looking to protect your business, employees, or customers from financial fraud, employee dishonesty, or outright theft. This type of insurance policy is also referred to as a commercial crime policy. In fact, fidelity bonds are a requirement in some states to acquire a business license.

LLC business insurance is a collection of business insurance policies that protect your LLC from the costly effects of a lawsuit, property damage, worker mistakes, and other situations. Because every LLC is different, the types of coverage your business needs will be unique.