When it comes to legal matters and liabilities your business may face, there must be a shield of separation in place to protect your personal liabilities and everything you have work to accomplish in your business. It’s time to deploy the "corporate veil" – strategically leverage your business’ legal entity structure as a risk mitigation tool.
As the pandemic and related lockdown took hold in March of 2020, companies immediately began to look for ways to protect their businesses from the damage. Insurance coverage, of course, was a first thought – but in most cases, insurance didn’t deliver. Many companies were stuck with no revenue; other companies were stuck because their... View Article
For many companies, a commercial lease is one of the most critical and high-value contracts into which they’ll ever enter. While the average commercial lease term is between 3 to 5 years, these leases can run up to 10 years, plus extension periods. Unlike most other contracts that a business might sign, a commercial lease... View Article
This week’s blog from Lauren Burgon Washington voters approved Initiative 502 on November 6th leaving many Washington employers wondering how and if they should be amending their policies regarding drug use. While the passage of Initiative 502 decriminalizes, regulates, and taxes the recreational use and sale of marijuana in the state of Washington, marijuana use... View Article
Today’s guest blog post comes from Dan Weedin, of Toro Consulting Inc.. Dan Weedin is a Seattle-based insurance and risk management consultant. He helps his clients to make better, more informed decisions on their risk management to save them money, time, and frustration. His strategies on crisis leadership helps his clients keep their business moving... View Article
Today’s guest blog comes from Dave Shapiro, a group leader at Excell CEO. Dave mentors CEOs and business owners throughout the Puget Sound and West Coast to help them gain clarity about what is holding their company back and what will propel it to even greater heights. —————————————— One of the toughest issues to face is uncertainty…... View Article
When business owners hear the term “business continuity,” they most readily think of what to do in the case of a physical loss such as a fire, flood or earthquake. These physical losses are important risks to protect against but “business continuity” planning goes beyond that. Business continuity planning must also address the impact of... View Article