How to Reduce Commercial Insurance Premiums

In the fast-paced world of running a business, keeping expenses in check is key to staying profitable and sustainable. One major expense that all businesses face is insurance premiums. While protecting your business is crucial, finding ways to lower these costs without sacrificing coverage is equally important. This article offers tips on effective strategies for […]

Understanding the Workers’ Compensation Experience Modification Factor: Essential Knowledge for Every Professional

Today, I’d like to dive into something important in the world of commercial insurance that’s often misunderstood: the Workers’ Compensation Experience Modification Factor, or “mod factor.” While it may seem like a mouthful of insurance jargon, understanding this concept is essential as it directly impacts a company’s financial well-being. Whether you’re a business owner, HR […]

Cyber Insurance Basics: Navigating Cyber Insurance in Todays Digital Age

In this fast-paced digital era, where technology is king, companies are faced with a big challenge: how to make the most of the digital world while protecting against cyber threats. Cyber insurance has emerged as a vital component of a comprehensive risk management strategy for companies of all sizes. Let’s break down why it’s so […]

How to Update HR Technology Systems When the Pace of Change Is Overwhelming

Technology like artificial intelligence, machine learning, and predictive analytics are transforming Human Resources information systems. The change is happening so rapidly that even those who updated their human capital management (HCM) systems as recently as five years ago likely aren’t up-to-speed on the changes. The pace of change is reflected in the growth of human […]

5 Commercial Property Drivers That Impact Insurance Costs

The market for commercial property insurance continues to be challenging. Below are several factors contributing to premium increases for commercial property coverage. 1. Catastrophe Losses Unprecedented frequency and severity continue to drive catastrophe losses caused by severe convective storms, tornadoes, hail, floods, wildfires, hurricanes and winter storms. Over the past five years, there have been 86 events […]

Eliminate Payment Processing Fees

If you own a business, you already know about the exorbitant cost of card acceptance and how these costs eat into your margins each month. In this short eBook, I want to explain a simple 3-step process that will allow you to eliminate these fees once and for all.

When is it worth it to become a PayFac?

If you’re a B2B software company interested in adding payment processing to your product, you may be wondering when it will be worth it to become a payment facilitator (PayFac) yourself. The short answer? Probably never. For some software companies processing upwards of $2 billion a year in payments, it may be a bit more complicated […]

The Next Evolution to QuickBooks Payments

First, What is QuickBooks Payments – It’s the payments solution built right into QuickBooks that enables businesses to process credit card and ACH payments for invoices with efficiency and flexibility. It also assists business owners with time-consuming and detail-oriented tasks such as invoicing, reconciliation, and managing their payment plans and credit card processing. How Does QuickBooks Payments Work QuickBooks Payments […]

What does it take to become a PayFac?

For many software platforms, becoming a Payment Facilitator or “PayFac” seems like an exciting way to improve your product by creating a frictionless and instant onboarding experience. In fact, it’s estimated there are over 10,000 B2B SaaS companies in the United States that could benefit from operating as a PayFac. However, there are just a […]

Pros and Cons of Cash Discounting

Not all businesses are the same. While a cash discount program may work for one down the street, you may decide it doesn’t work for you. What Is a Cash Discount Program? A cash discount is exactly what it sounds like. It’s offering a discount to customers who pay with cash or check instead of […]