How to Prepare Your Business for Holiday Risks

office-875697_640A Business Insurance Update

The next few months are important for every business. The holidays are not just for retailers, as many businesses rely on a healthy last quarter to help them finish the year in the black.  Your business insurance plays an important role in this, as it protects you from un-planned losses.

Here are a few tips to help your business plan for the holiday, and year’s end.

  1. During the holiday shopping season, many businesses hire seasonal workers to help with the increased demand. Make sure all part-time and seasonal employees are properly trained, and understand the requirements of the job.
  2. Employee theft is a big problem during the holidays as well. However, more than just stock or equipment theft, employees have access to other major assets, like cash, too.  Make sure you have proper accounting processes in place.
  3. If your business has increased revenue during the last quarter, verify that your business income insurance will address the seasonal increase.
  4. When it comes to decorations around the office, you will want to ensure that none of them creates opportunities for accidents. This means being aware of extra lighting and candles that might be part of the holiday office décor, and making sure no decorations act as a trip and fall hazard.
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