Monthly Archives: May 2020

Hot Business News Today

Protecting employees’ payroll during the coronavirus crisis

by  •  • 0 Comments

Originally written by Matthew Stark on Small Business
It is very rare that you will get advance warning that a disaster is about to hit your company.
Even if you do have some time to plan, it doesn’t mean things won’t go wrong as every crisis is unique and brings with it its own challenges. The current crisis we are facing is unprecedented, and certainly unexpected, meaning many employers will be dealing with business-critical issues they never thought they would have to factor into their plans.
With this in mind, the coronavirus outbreak has reminded all of us that having robust continuity strategies in place to deal with a crisis are critical. However, a lot of businesses will have had little or no contingency planning for a crisis of this magnitude and will be scrambling around trying to figure out what to do in the face of such uncertainty.
>See also: Business continuity plan: What it is and why you need it
One of the major problems that surfaces from not having a robust plan in place is that in putting out fires, as an employer you can forget about arguably your most important stakeholder – your staff. Many are working harder than ever to

Read more...

Hot Business News Today

Remote working coronavirus: Am I covered by home insurance?

by  •  • 0 Comments

Originally written by Ben Rose on Small Business
When the UK government enforced social distancing back in March, hundreds of thousands of small businesses, and millions of employees, found themselves remote working almost overnight. The transition to the new working environment happened remarkably quickly, and for many businesses this digital-only world was completely new ground for them.
As we all settle into what’s been termed the “new normal” however, a number of questions are being raised about how secure businesses really are with their entire workforce working remotely, and what remote working insurance they need in place to ensure they remain fully protected.
>See also: Working from home – How to manage your time and increase productivity
Am I covered for remote working in my household insurance?
Probably not. It is unlikely that your household insurance will cover any business activities unless they have been disclosed to and agreed with your insurer.
This is because most household insurance policies are only intended to cover domestic activities and not commercial activities (which may include working from home). If you work for a company, then that company won’t be a party to your household insurance contract either, so it’s important that the company has its own insurance policy

Read more...