For any business to be successful, its books need to be kept in order. This might be an intimidating task for small business owners, freelancers, or entrepreneurs in general especially when the business is just beginning or still in its early stages of development. It is especially important in the early stages to invest in the correct avenues, and you don’t need us to tell you how important a good investment is. Starting out, most business owners cannot afford a CPA or a personal accountant, and that is okay. With growth comes expanded resources and assistance. But starting out bookkeeping, unless you’re already savvy at it, can be an extremely intimidating task. We’ve done some of the hard work for you and researched bookkeeping services that you may utilize if you’re just starting out and can’t afford a personal, professional accountant.
Continue Reading “We Researched Popular Online Bookkeeping Services So You Don’t Have To”
We’re excited and honored to share that Layr has officially been selected to participate in the inaugural Lloyd’s Lab cohort. More than two hundred companies from around the world applied for one of ten coveted slots and an opportunity to work with the world’s first insurance marketplace, Lloyd’s of London. Layr is one of only three companies from the U.S. selected and the only company from the East Coast that will be joining the cohort.
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Photography is an art that has become more valued over time. With the exponential growth of technology and the new and improved cameras, lenses, and lighting, there is a limitless potential market for photographers; however, there is also vast risk. Being a professional photographer is a unique profession. The purpose of this article is to discuss three common risks that every photographer and photography business will face and how photographer’s insurance can help mitigate those risks.
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Small businesses are the foundation for future economic success; they bring forth the innovation to increase efficiency in our evolving world. However, insurance companies make it difficult to figure out when to get your first commercial insurance policy and what policy is the best fit for your company. There are many different types of policies and types of insurance for different aspects of your business. Therefore, there are a few things to keep in mind when initially considering shopping for insurance for your small business.
Continue Reading “What Kind of Insurance Do Small Businesses Need?”
It’s been a little more than a year since we launched the initial version of a digital commercial insurance platform for modern business owners. It is filled with valuable industry firsts including real-time pricing, a monthly credit card payment option, an “always up-to-date” proof of insurance generator, and a smart claim wizard. The need for these features was discovered due to our deep commercial insurance experience and the relentless study of what small business owners wished the business insurance purchasing and management experiences were like. And while the customer feedback on this initial version of our platform has been overwhelmingly positive, we know there are still plenty of additional insurance pain points that need to be solved.
Continue Reading “UnBrokerage Is Officially Becoming Layr”
People who have experienced identity theft report that being an identity theft victim is like having to work a second job. Victims spend a lot of time addressing the issues arising from their identity theft. If one or more of your employee’s experience identity theft, productivity at work can be impacted. The sooner employees find out about identity theft, the sooner they can take action to restore control over their identities. Early detection helps to minimize the damage. And Identity Recovery coverage can do a lot of the heavy lifting to help identity theft victims stay productive at work.
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Running a small business is tough. You have deadlines, payroll to meet, taxes to handle, customers with challenges, rent to pay and the list goes on. But did you know that 50% of SMBs have been breached in the past 12 months? I know what you’re thinking. Well, we are too small, who would want to go after us? We don’t have anything a hacker would want.
Continue Reading “3 Easy Ways to Increase Cyber Security for Your Small Business”
Insurance is one of the oldest industries in existence and accounts for roughly $1 of every $4 spent in the United States. Despite its dominance, stability, and longevity, as an industry, young people increasingly write it off as a potential career path. We believe insurtech can help reverse this trend and change the way young professionals look at careers in insurance.
Continue Reading “Is the Insurance Industry Dying a Slow Death?”
In response to a question we’re regularly asked by prospective customers, we decided to write an article briefly discussing the differences between cyber liability insurance and technology errors and omissions insurance while also explaining why these two different policies should be combined. We’ve written multiple times about each of these types of policies separately, but understanding how they work together will ensure your company is not only getting the most from each type of insurance but that there aren’t any critical gaps in protection. Continue Reading “The Difference Between Cyber Liability and Technology Errors and Omissions Insurance”
Most people who own or run a business are aware of the many digital risks threatening their companies with increasing frequency. As new mainstream companies announce data breaches seemingly weekly, business owners are educating themselves on ways to avoid falling victim to cybercrime. But what happens when a company’s cyber defenses fail? That’s where insurance comes into play; specifically, cyber liability, or data breach, insurance. Continue Reading “Making Sense of Cyber Liability Insurance”