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Category Archives: Business Insurance

How to be a Great Boss

A great boss makes their employees realize they have more ability than they think they have so that they consistently do better work than they thought they could. Every employee has their unique shape and a good boss needs to be able to find a suitable role for each of their employees. With patience and perseverance, you will be able to shape this wild variety of personalities into a well-working team of satisfied people. Build Trust Trust is needed to turn a group of people into a team. Building trust will help create effective communication, employee engagement and better job performance. You can build trust by always being honest and fair and never gossiping or sharing anyone’s personal information. Show that you’re a team player and others can rely on you. Be empathetic by acknowledging if your  employee is having a hard time. Don’t be afraid to ask them if they’re alright or if they need any help. Give Praise A person who feels appreciated will always do more than what is expected. Recognition at the workplace cannot be underestimated. It is common for employees to  have lower productivity or even leave jobs due to lack of recognition. Recognition is truly motivating and is essential to have a well motivated, efficient team.Employees will be more loyal and satisfied, their individual productivity will increase and their retention will be lowered. Recognize employees by thanking them by name, specifically stating what they are being recognized for, and pointing out the value they add. Inspire your Employees Inspiration at work is about commitment and passion. If your employees love what they do, they will need only a little bit of help from you  to spread their wings. Tell your employees about your vision; people love to know that they are part of something important, while sharing the benefits behind your ideas. Encourage development and share your knowledge. Allow Employees to be Themselves If you don’t accept your employees as they are, you cannot expect that they will feel comfortable in a workplace. If you want for your employees to be highly motivated, you cannot increase the division between home and work. You need to integrate them. Don’t force a strict dress code if it’s not needed, encourage them to talk about their passions, trust them and let them decide how to achieve their goals, and encourage ownership of…
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The Most Effective Ways to Bring Wellness to Your Business

Workplace wellness can be a sustainable and holistic approach to increasing employee satisfaction, motivation and retention for the long-term. Applying an emphasis on health boosts morale and productivity. Utilize these ideas to promote workplace wellness from a practical standpoint. The focus is on enhancing performance and maintaining a company culture that regards each employee as not just a number, but as an asset whose overall health matters. Open and Calming Space Setup of your office with the maximum amount of natural light source to help brighten and energize the space. Limit the use of cubicle dividers to promote team collaboration; this can help refresh the mind, sharpen focus, and moderate stress. Use indoor plants like ferns, bamboo, palm trees or aloe vera, to purify the air and help reduce both tension and fatigue. Consider creating a meditation or stand-up desk space that can be shared by employees throughout the day. Opt for Moving Instead of Sitting Sitting for long periods of time on a daily basis increases the risk for diabetes, cancer, depression, heart disease, obesity, and joint or muscle issues. Rather than remaining sedentary for long stretches of time, incorporate exercise into the workplace through incentives like standing desks instead of office chairs, and outdoor walks instead of conference room gatherings. Start an office-walking initiative, encouraging employees to walk together at lunch and take walking meetings. Reward employees with things like work from home half-day, half-day Fridays, or catered lunches. Active Team-Building Events Encourage both physical activity and employee bonding for one Friday afternoon a month so, employees don’t have to make time outside of work hours. Have employees engage in a collaborative activity that requires teamwork; these might include: Rock climbing Game of kickball Group hike or day at the park with soccer balls, Frisbees or other items employees can use to say active. Stand-up paddle boarding or surfing Volunteer event like Habitat for Humanity In-Office Wellness Workshops Bring professionals into the office to teach employees new techniques and strategies for being healthy in a fun, group setting. Here are a few workshops to consider: Self-Defense: This is a fun, and non-traditional workshop idea that will empower employees and get them up and moving. Cooking Class: If you have a full kitchen in your office, this is a fun way to help employees learn how to cook healthier….
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How to Create an Effective Mission Statement

If you want to be able to clearly articulate your business’s purpose to its employees and its potential customers, you need the right mission statement. It is important for a business to have a mission statement that can truly resonate with people while still being an accurate description of the business. To do so effectively, approach this creation with authenticity. You must ask yourself a few questions about your brand and the company’s foundation. The statement should end up as a clear, concise declaration about your business strategy. Define the Market Imagine someone making the decision to buy what you sell. Determine why they would want it, how to get it, and what buying from you does for them. The more concrete, the better.  Explain the so-called “why to buy”  to define the target customer.This will define how your business differs from others. This isn’t actually part of the mission statement but an important brainstorming step to get your started in the right direction. Consider What You Have to Offer Start your mission statement with the good that you have to offer. This is your chance to state whatever it is that makes your business special for your target customer. Don’t undervalue your business: You don’t have to end world hunger to be doing good. For example, offering trustworthy auto repair or organic local food narrowed down specialty in the neighborhood. Incorporate Company Culture Determine how your company culture sets you apart. Smart businesses are good for their employees too or they don’t last. Company culture, rewarding, and motivating people all truly matter. Qualities like fairness, diversity, respect for ideas and creativity, training, tools, empowerment, strongly impact company image. Most businesses claim to prioritizes those things. Include how your company  actually brings those general goals to life. A mission statement can serve as a reminder for owners, supervisors, employees and as a reference for self-enforcement. Return to Your Roots Ponder upon the ideas that the business was built on.  Only a small amount of businesses are actually about “share value” and “return on investment.” If you seek growth more than profits, incorporate that into the statement.  Is it a business where you are happy to be working, with people you want to work with? If so, write that into my mission statement. This element is not always used in mission statements since most are, aimed…
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Small Business Essentials: Business Interruption Insurance

As a small business owner, it is crucial to be prepared for a disaster to strike.  It is particularly important for small businesses to obtain business interruption insurance, because this important policy will help tremendously in the case of a catastrophic event by assisting in alleviating the harmful effects of business interruption. If a Disaster Strikes Business interruption is the loss of income and forced temporary closure to a business as a result of a damaging incident, and it can be extremely costly if you are not properly insured. One never knows when a disaster may hit, so it is vital to be equipped with a coverage that could be the key survival tool for your business. This coverage will compensate for lost income of your company during period of restoration needed as well as physical loss due to disaster-related harm. These unwanted occurrences may include storms, fires, acts of terrorism, or even cybercrime. A business that has to shut down may lose customers to competitors, so resuming business  quickly should be the main goal after a disaster. Business interruption coverage is frequently added to a property insurance policy or included in a package policy. Essential Protections Obtaining the proper insurance can mean the life or death of your business if a detrimental event was to take place. When your business is at stake, business interruption insurance is likely to help save it. It is unfortunately common for small business owners to overlook this coverage.  Oftentimes, disaster damage management is forgotten about or the importance of it is underrated, and small businesses’ lack of planning for disaster recovery is a huge risk. A recent study found that more than half of small business owners said it would take them at least three months to recover from a disaster, and the same study found that 69 percent said they have an evacuation plan at home but over a third believe it isn’t important for their businesses to have a disaster recovery plan. It was also found that 44 percent of these small business owners do not have a plan readily accessible if disaster hit. Small businesses are the least likely to obtain interruption insurance, yet are most effected by disaster. It is in your best interest to protect what you have worked so hard to build. About A.J. Benet Inc. Insurance…
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The Business Risks of Augmented Reality

Pokemon Go, the new augmented reality game, has taken the world by storm. Due to the widespread popularity of this game, many businesses have begun to incorporate this game in to their marketing strategies. While offering incentives seems like a proactive step toward engaging new customers, there are certain cyber and injury risks to identify if you have employees who are active users of this app. It’s imperative that your small business recognizes the risks that augmented reality games present. Even more important is ensuring your business is protected with a New York Business Insurance policy. According to an article in Marsh, employees should think twice about bringing Pokemon Go to work. As a business owner, you should look for ways to minimize claims. One way to do this is by making safety a priority. Implementing a safety control program will help not only educate your staff on common risks, but also provide a platform for discussing common augmented reality risks. Augmented reality games can leave your business vulnerable to cyber crime. Hackers have created  knock off games to implement malware into smart devices.  If a smart device is provided by the company, then all the data is at risk for exposure. Ensure that your employees are separating their work and personal phones to avoid data privacy risks. Educate staff on how this could  At AJ Benet Inc. Insurance Agency, we make sure that your New York Business Insurance policy includes more than the simple general liability and product liability. Our policies extend in cases where you underlying limits are exhausted. Our team of experts are willing to go the extra mile and not only protect your business but understand it. For more information, call us today at 888.639.4560.

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The Benefits of Hiring Overqualified Workers

Often, employers get nervous and avoid hiring candidates that are overqualified for a position due to a fear that the individual will either get bored and leave quickly or demand higher salaries for their work. While you want to protect your business from any staffing issues that arise by having the best New York Business Insurance available, you also want to make sure to hire the best candidates for a position. Here are some reasons why hiring overqualified candidates is actually a beneficial way to go. Training Most of the time, overqualified candidates do not need extensive training on the job they are being hired for. Chances are that amongst their qualifications, comes the basic skills that others would need to be trained on. However, do not assume that they have knowledge on every aspect of the job. Just because you won’t have to train them on the basics doesn’t mean they won’t need job-specific training. Energy and Expertise Hiring an overqualified employee can bring new levels of energy and expertise to your company. Being experienced, they have probably picked up skills from previous employers that can help increase productivity and offer a new view on the way things are being done. If a candidate seems to be enthusiastic, or tends to excel in a certain area of their position, give them an opportunity to grow within your company. Management Due to their knowledge and experience, overqualified employees are generally easier to manage. They can be self-sufficient and know when they need a little extra assistance. These candidates tend to be able to get the job done faster due to a better work ethic. Along with being easier to manage, they have potential to lead within the workplace. Overqualified candidates have the ability to move up quickly into leadership roles if growth within the company is available. Larger Knowledge, Lower Price Most of the time, a candidate that is applying for a job that they are overqualified for is aware that they will not be making as much as they could in a higher level position. They are generally applying to your company because something about your business intrigues them. Take advantage of the knowledge that they bring to a lower paying position. However, do not take them for granted. If they perform well and are an asset that deserves…
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Pet Store Abuse Sparks Senators Protection Petition

Owning and running a pet related business no longer means running just one aspect of our pet’s lives. Your Vet may also be where you board your pet while you go on vacation. The pet store where you buy your animal’s food may also be where you pick up a new furry friend. Your groomer can now come to your house and set up their van out front. As the owner or manager of a pet related business, you want to make sure you have your New Jersey Pet Business Insurance up to date. When we take our beloved pup to the groomers, or to the vet, we expect the love and devotion that we show them to come from the businesses we bring them to. However, occasionally someone abuses their status and our pets end up being the victims. At the end of July, the owner and one of the managers of a small pet store were arrested after two dogs and a kitten had to be euthanized as a result of alleged animal cruelty. The pair is accused of performing unlicensed surgeries, administering unlicensed shots and medications, and not seeking medical attention for critically ill animals. These arrests due to claims of animal cruelty have lead to the launching of the Protect Our Pets Petition in an effort to pressure the Assembly to pass laws that would provide greater protection to animals from the owners and caregivers that do them harm. The petition puts pressure specifically on: S.4265, which allows for easier prosecution of individuals that cause serious harm to a companion animal S.3201, which modernizes current laws, promoting consistent enforcement from law enforcement S.2935 Also known as “Busters Law”, this establishes a registry that is to remain public, of those who have been convicted of animal cruelty S.3451 was passed in June, increasing the penalty for those with multiple convictions of animal cruelty. Just as our pets need a voice and need to be protected, businesses also need to make sure that they are protected from the numerous risks involved with every day encounters. At A.J. Benet Inc. we know how stressful it can be to ensure your business is cared for as much as your four legged clients are cared for. Call us today for information on our policies and how they can help keep you covered. 888.639.4560

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New York Craft Breweries Continue to Thrive

There is no doubt about it, the craft beverage industry in New York hast reach new heights in the last few years. According to reports, New York’s artisan and craft brewery industry grew 59 percent between 2013 and 2014. The industry now holds upwards of 200 craft breweries, as well as a number of local wineries, distilleries and cider houses, which produce roughly 859,535 barrels of beverage goods in the last year alone. Over all, a recent report funded by the state Brewers Association and the New York Wine and Grape Foundation, showed that the number of craft breweries more than doubled between 2012 and January 2015, from 95 to over 207 breweries. Much of the widespread growth has been attributed to less stringent regulations governing alcoholic beverage production and distribution in the Empire State, as well as a number of state and local government grants for small beverage goods producers. Last November, New York state legislators enacted the Craft New York Act, which lowered licensing fees and increased the production cap for small breweries throughout the state from 60,000 barrels to 75,000 barrels. The state also funded a $2 million grant program to help local craft beverage makers market and promote their goods and brand. Combining these factors with the growing interest in artisanal brewing and spirits across the nation has undoubtedly led to the surge in fresh New York breweries, distilleries, cider-houses and wineries. As New York food goods manufacturing industry members, these operations face a number of unique business challenges and risk exposures. Whether you currently own or are looking to start a microbrewery or similar operation, it is important to consider the loss and liability concerns involved. At A.J. Benet, we specialize in helping New York businesses balance the coverage they need with prices their budget can afford. One of the many specialty industries we provide service to are New York City Food Manufacturers and Distributors. We offer a wide selection of property and liability insurance coverages that are specially targeted to the needs of these operations. From commercial property coverage to product liability coverage, our New York City business insurance specialist can help piece together the protection you and your operation need. To learn more about us and all our offerings, contact us today at (888) 639-4560.

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Aging Utility Lines Linked to NYC Apartment Building Fires

An unexpected explosion rocked New York’s East Village Thursday afternoon, sparking a 5 alarm blaze. According to reports, a total of 19 individuals were injured, including five emergency responders, and at least two others remain missing. Luckily, reports indicate that none of the injuries thus far have been life threatening. The blaze reportedly started after an explosion occurred which officials believe was the result of work being preformed on gas line inside a NYC apartment building. The fire quickly spread to three neighboring apartment buildings causing the further evacuation of other buildings in the surrounding area. In total, 11 buildings were evacuated, 3 structures collapsed and a fourth suffered significant damages. Recent events occurred just over a year after a similar explosion and fire broke out in East Harlem, killing 8 individuals. The recent catastrophes have raises serious concerns about the safety and security of New York City’s utilities and infrastructure. In 2014, the NYC Center for an Urban Future released a report detailing the state of New York City’s aging infrastructure. According to the report, both of New York City’s major utility providers are using outdated and aging lines that are upwards of 50 and 60 years old. By the numbers, sixty percent of Consolidated Edison’s gas mains and 48 percent of National Grid’s lines are reportedly made of leak-prone materials, totaling some 3,321 miles of potentially leaky gas lines running throughout the city. Gas lines and pipes made of unprotected steel or cast iron are still widely prevalent in older cities such as NYC, and are cause large scale catastrophes, property damage and even loss of lives. Consolidated Edison reportedly aims to replace approximately 30 miles of their outdated pipes each year, however these adjustments are expensive, costing between $2.2 and $8 million per mile, and time consuming. For NYC commercial and residential real estate owners, utility infrastructure and failure has become a serious property loss and liability concern. The threat of a gas line exploding without warning, a water main leaking and causing flooding, or electrical wiring malfunctions resulting in fire are very real. As such, it is vital that NYC commercial property owners secure complete property and liability insurance to protect their assets. At A.J. Benet Insurance, we offer property and liability coverages along with workers compensation and management liability insurance for your business operations. Our…
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Vital NY Wealth Management Liability Insurance Coverages

  Wealth managers face a myriad of liability exposures through the course of their professional service. By nature the risks are high for these professionals because handing the finances of others places additional pressure, responsibility and liability onto one’s shoulders. Clients have a lot to lose should a wealth management professional make an error or misjudgment in their work, and an unhappy clients won’t hesitate to pursue legal action against your operation. The risk of being responsible for fraud, mismanagement, or other wrongful acts is exactly why New York wealth managers must employ strategic risk management planning and risk transfer strategies. The right New York business insurance program can help wealth managers, investment advisors and any who handle financial assets on behalf of clients protect themselves from a number of risk, loss and liability exposures that can accompany the performance of their professional services. There are three main types of liability coverage that all wealth management firms should secure. Professional Liability- New York professional liability coverage is designed to protect businesses and their employees against allegations of failure to preform professional duties, or claims that errors, omissions or negligence on the part of your operation resulted in financial harm to another. Fiduciary/ Crime Liability- As professional who are in charge of the money of others, there is much at stake when it comes to crime. As such, it is essential that your firm acquires coverage for a broad range of risks, including employee theft, theft of clients’ property, forgery and alteration of checks, credit cards and personal accounts, fraud, and other key coverages. Directors and Officer Liability- This coverage is specifically designed to protect business owners, directors and officers, and key executives against the potential consequences of alleged wrongdoings, such as financial mismanagement, misappropriation of funds, and negligence. These policies also offer protection from suits alleging a lack of proper “corporate governance” and company management. In this increasingly litigious world, your New York wealth management firm can’t afford to be caught off-guard by a liability lawsuit. At A.J. Benet, our NY wealth management liability insurance programs can be customized to cover multiple professionals in the asset management field, including family offices, independent brokerages, franchises and more. We offer workers compensation, directors and officers insurance (D&O), general liability and property insurance for all your commercial needs and can tailor a solution…
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