Author: Roy

Laundromat

Important Considerations for Buying a Laundromat

Purchasing a Laundromat can be an amazing opportunity. However, there’s a lot that you need to think about when assessing a Laundromat’s profitability. Machine Quality and Maintenance Needs A Laundromat’s machines are a major factor in its operating expenses and revenue potential. Ideally, you want the machines to be relatively new, energy-efficient, and still in…

Liability

What Is Liability?

Liability is a term mentioned frequently on television commercials and social media. If you are uncertain about the precise definition of liability, here is a simple explanation. Definition of Liability In its most basic sense, the word liability means the state of being held responsible for something. In accounting terms, liability refers to any money…

Fiduciary Liability Insurance

Fiduciary Liability Insurance: A Crucial Component to a Comprehensive Risk Management Strategy

As more companies offer a full array of benefits to attract and retain talent, protection from litigation related to health and welfare benefits is an important piece of a company’s risk management strategy. The Employment Retirement Income Security Act of 1974 (ERISA) provides an extremely strict standard of care on plan fiduciaries responsible for managing…

covering warehouse products with insurance

Protecting Your Customer’s Products

Because of the United States Uniform Commercial Code, it is important that a warehouse owner be vigilant in covering warehouse products with insurance. According to the UCC, any loss or damage to a customer’s goods is the responsibility of the warehouse owner to replace or make reparations for.  Warehousing claims of loss or damage could…

covid-19

Restaurant Safety During COVID-19

Restaurants face a unique set of challenges while reopening amid the COVID-19 epidemic. In order to maintain safe conditions for patrons and employees, they need to implement several important precautions. Take Steps to Ensure That Employees Are Healthy One of the most important safety techniques for restaurants is encouraging employees to stay home if they…

Nursing Homes

ADA Compliance in Assisted Living Facilities

ADA compliance is a federal mandate for all businesses. Residential facilities face different regulations from places of public accommodation such as stores or restaurants. Supportive housing and assisted living facilities such as nursing homes to need to be particularly conscientious about ensuring that their premises and operations are compliant with ADA regulations. Accessibility Concerns For…