Posts Tagged ‘small’

Small Business Workers Compensation Insurance

Article by Branden Weber

Public guilt insurance quotes are determined based on various questions about the particular business involved as well as the number of staff and employee turnover. A public liablity insurance quote ( also know as products responsibility insurance ) can also be obtained for the chance of claims that could arise from defective products or the planning of a product. A public liability insurance quote will not help protect the business owner for any claims made against a business or their person due to culpable counsel, a quote for this kind of coverage would be professional indemnity policy or pro responsibility insurance. A public guilt insurance quote may be required to be obtained as a condition of a business or individual who plans to work as a sub-contractor or another company. Come visit us right here for more info on General Liability. We are the greatest source of info on Small Business Insurance Quotes today. Public guilt insurance quotes and coverages are normally ready-made to a particular business type. Compensation needed to be paid out by a business as a result of a claim can be serious. The business owner not covered by a public liability insurance policy may have to sell their home and any other assets of the claim is large enough. For the entrepreneur who carries a public liablity insurance policy the claim process is simple should a consumer suffer an injury and lodge a claim. 1. The wounded party lodges a claim against the business for their injury. The claim is passed to the insurance broker for their policy. The business can continue to do business as normal while the insurance firm processes the claim. 4. If the claim is won by the entrepreneur the insurance company will still pay for the legal costs incurred by the entrepreneur as a result of the claim. Public liability insurance protects companies from legal and medical costs that are sustained from an incident on their property or while working on another’s property, with no regard for whether the business owneris or is not found to be responsible. Come visit us right here for more info on Small Business Insurance Quotes. We are the greatest source of info on Small Business Insurance Quotes today.

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Come visit us right here for more info on Small Business Liability Insurance Quotes. We are the greatest source of info on Small Business Insurance Quotes today.http://Small-Business-Insurance-Quotes.orgSmall Business Workers Compensation Insurance

In 2006, when Indiana small-business owner Scott Womack purchased a development agreement to expand his IHOP franchise into Ohio, he had no idea Congress would pass a massive overhaul of the health care system four years later. Today, one year after that legislative overhaul became law, Womack is very aware of Obamacare — and of its effects on his plans for growth. Under the year-old law, Womack must provide health insurance to all full-time employees beginning in 2014. Right now, he employs nearly 1000 full- and part-time workers and already offers insurance to his management staff. He simply does not know how he’ll generate the revenue to do more. Womack estimates the cost of the law to his company will be 50 percent greater than his company’s earnings — in other words, beyond his ability to pay. That’s not because his company of 12 IHOP restaurants in Indiana and Ohio is unprofitable. Quite the opposite, in fact. By industry standards, he’s doing well. But labor-intensive restaurants generate profits of just 5 percent to 7 percent per employee. With fears about how he’ll afford to provide health insurance with those low profit margins, Womack is worried about his expansion plans in Ohio. He can’t exactly cancel his development agreement. But he’ll only be able to fund his new restaurants — and the construction, real estate and manufacturing jobs that would go along with them — if Obamacare is repealed. “If the health care reform law is not repealed or if the

Necessity for small business health plan

It is surprising that small businesses do not appear to give much importance on small business health plan. It is not the fact that they do not find it valuable, it is simply owing to cost factor. One might have experienced this identical issue with one’s own company. The National Federation of Independent Business informs that monthly payable premiums have become doubled during the last nine years in respect of small businesses. Various small business owners just cannot manage to pay.

In fact, the kind of small business health care plans quotes one can be expecting to obtain will vary based on where one lives, therefore one may be better off than one thinks. Some states are there which will subsidize small health group insurance for businesses. Others will permit groups of various businesses to shape together for getting quality rates on insurance of business health. Some of the states have even it so that proprietors of sole type are able to obtain self employed health insurance plan at group rates. The right thing for one to do is examining the laws of one’s state. One also can get a quote to find what one can anticipate to pay. As one is well conscious, it is extremely important for one to receive health plan coverage for one and the staff that work for one. Employees of healthy type work more effectively helping one to improve one’s bottom line in fruitful manner.

The bill for health care reform is planning to effect some changes for small business insurance health. Many persons are not clear regarding what this relate to them. It will change the norms for owners of small business to buy health insurance and offer it for their staff. One should bear in mind that majority of the changes will not be effective till the year 2014. Till then, one’s employees may require to take into account an individual type of health insurance policy to secure coverage. However, one has to appreciate that the bill for health care will affect one’s small business. There are various provisions based on number of employees one’s business has. By the year 2014, those having exceeding than fifty staff should offer benefits for health insurance. Those having twenty five or less than that staff will eligible to get credit facility in respect of health insurance buying.

By the year 2014 also, those who are owner of small businesses and self employed people of other type will be eligible to receive benefits via Small Business Health Options Programs. This will permit small businesses to pool options for insurance. Within the year 2018, health plans of expensive type will begin a “Cadillac” tax. This will be paid by insurance companies and employers. This also will have an effect for those who are striving to obtain health insurance in respect of pre-existing situations. This goes immediately into effect for the children and for adults in the year 2014. Insurers will have to allow coverage for those having pre existing situations. Premiums may vary as per the different conditions and status of an individual.


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Incorporating Business Insurance in Risk Management ? Even for Small Business

Risk management is an endeavor in which most successful businesses engage to some degree or another. Whether it be a formal procedure developed at the executive level of a large company, or a more intuitive examination performed by an astute small business owner, assessing and dealing with risk in general is something most businesses do as part of their basic planning. No matter who you are, or what business you’re in, avoiding risk management is a risky decision in and of itself.

Why insurance exists in the first place

Of course, no major effort in risk management for a business can really occur without taking into consideration the potential for unforeseen harm affecting your operations. Indeed, this is the purpose of insurance in general, and it’s certainly the reason why business insurance exists specifically.

Are you really engaging in risk management for you’re business if you’re not taking seriously the kind of insurance you have for that business? Probably not.

Risk management for small business?

You can never be too small a business in order to engage in both risk management and due diligence in the choice of small business insurance for your company. The truth is that even small businesses can be seriously undermined or even ruined if they don’t engage in the proper assessment of risk that involves insurance coverage. Unless you’re adequately covered, you simply have not engaged in proper risk management — no matter how small your business is.

Assessing your risk is the first step

When any business engages in risk management, assessment is the first step. You need to know what kinds of risks your business faces in order to take that next step in determining how to in fact deal with those risks.


Transferring your risk is where insurance comes in

Where business insurance comes in is determining just how much of that risk you’re going to in fact transfer to someone else — an insurance company — and how much they’re willing to assume that risk for you. Transferring that risk is obviously one of the more desirable remedies in dealing with risk of any kind. If you can get someone else to essentially assume it for you, without making an unnecessary investment in dollars yourself, then not only are you engaging in smart risk management, you’re engaging in smart business — period.

Insurance companies are like risk management outsourcing firms

In fact, the entire insurance industry exists on this basic premise, doesn’t it? Insurance companies provide insurance so that all businesses can transfer a basic component of their risk assessment to someone else. Insurance companies make money by assuming that risk for you. You make money in properly transferring some of the risk involved in running your business. It’s capitalism at its purest. You really can’t go wrong when business entities engage in mutual profit enhancement, can you?

The insurance component of your risk management efforts is probably the most desirable to address. There are some risks you simply have to assume for yourself, some risks you have to figure out how to minimize yourself, and some risks you have to learn how to eliminate yourself. Those constitute the major remedies after an initial assessment of risk.

The insurance industry specializes in risk management transfer

What differentiates insurance from those other remedies is that the entire insurance industry exists in order to manage it for you. Its risk management outsourcing at its finest and it has literally been fine crafting its skills for hundreds of years. Ideally, things like small insurance exist not only to handle some of your risk management for you, but they exist so that you do it at a cost most favorable to you.

What’s easier for a small business owner? Get the right insurance from a company that offers great coverage at an acceptable fee? Or hiring your own staff to figure it out for you, without the proper experience or knowledge, and without the specific resources specializing in the field? While nobody would consider an insurance company to be a magic pill to deal with risk management, they do allow you to outsource one component of it with business and small business insurance that’s right for you and your company.

Business insurance helps you address basic risk management

Whether you’re a Fortune 500 company, or small manufacturer of baseball bats, risk management is probably a necessary component of operating a successful business. After assessing your risk, you need to someone effectively deal with it. That’s where small business

Cheap Small Business Group Insurance Rates

Small Business Group Insurance is an employee-sponsored health coverage that are directly targeted to employees, business owners, and dependents.

A number of Americans have small business group insurance because they became part of this through their employmet or it is something that they were able to get for themselves.

Small Business Group Insurance share the costs between the employers and the employee. There are tax incentives that are available to the business in order for the employer to indeed provide the health insurance that their employees are worthy of.

If you are an employer and you are looking for small business group insurance for your employees, then you can keep them informed on the different insurance providers that are available for your benefit and theirs as well.


You can choose a small business group insurance then invite your employees to take part of this plan.

Normally, employers cover 50% of the health plan and this also contributes to the dependent premiums.

The remainder is then covered by the employee. If you wish to give your employers the small business group insurance that they want, then you must come to the agreement that they would have to pay for the remaining sum which is half of the insurance.

If your business is the kind that can provide small business group insurance plans and also contribute to the dependent premiums of your employees, then a lot of potential employees would want to work for your company because this is the way to go.

If your business has health insurance, you will eventually hire the best workers because they feel that they are getting the benefits that they deserve for the hard work that they are giving your company.

If you are applying for a small business group insurance, the first step is to tell us what kind of business you’re running. There are different kinds of small business insurance and you have to get the insurance that applies to your business.

You can also compare the plan rates and the benefits in order for you to find the best match for the needs of your business. You can talk to licensed insurance agents so you are well informed about the nitty gritty of small business group insurance.

It is only normal that employers contribute to employee healthcare costs at the level and the budget that are appropriate for them.

As long as the employees and the employers come to terms of what they really want, then the small business group insurance plan that they get will work out.

Discover where to buy cheap small business dental insurance online. Learn where to get cheap small business liability insurance quotes online.

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Business Insurance – Small Business Insurance

Many small problem owners rely ahead their not public insurance to cover their small problem. This is, especially authentic, of back home problem owners. However not public insurance is not designed to cover a problem, and if you figure out need to promote to a allegation, you possibly will learn manually under insured, or even uninsured!

For case in point, your back home property insurance
Possibly will control a limit of a small amount of thousand dollars in support of the contents of your back home. If you control computers, other problem technology, or especially, problem records, a loss can be much superior. It would be tragic to control an accident or impairment to your back home with the purpose of plus destroyed your problem assets, and so therefore to learn with the purpose of you cannot promote to an allegation to cover your problem loss.

Another collective illustration is in support of sedan insurance. If you bought a not public insurance procedure several years since, you possibly will not remember the mileage or employment you claimed. If you claimed with the purpose of your mini forerunner was simply used in support of errands and soccer games, and so therefore had an accident while using with the purpose of vehicle to transfer problem goods, the insurance company possibly will control a wisdom to deny the allegation!


Many small problem owners even allow employees to employment their not public cars in support of problem. But if an employee is involved in an accident while burden your problem, can you rely ahead their sedan insurance to cover it? This is a chance you probably figure out not wish for to take.

Now you possibly will be able to operate back and adjust your not public sedan insurance procedure to include problem employment, or you possibly will need a infomercial insurance procedure.

And if you figure out problem, you are forever vulnerable to liability claims. If you figure out not control proper problem liability insurance, solitary cliam can ruin your problem. Even if your problem is unsullied, the cost of lawyers can run into thousands of dollars. When you control a liability procedure, you plus control an insurance company who will piece on your margin to fight claims.

You really need to look into the collective types of problem insurance. Commercial car insurance, problem property and liability insurance, and if you control employees, workers comp insurance, are three policies you be supposed to look into.

If your problem depends ahead the talents of solitary or more fundamental employees or partners, a fundamental man life and disability procedure can shield you from ruin in set of circumstances of a death or accident. Personal assembly life insurance provides a benefit with the purpose of will draw and keep hold of quality employees too!

And of track, we can hardly conference approaching problem insurance with no conversation approaching assembly wellbeing strategy. Now if you are the simply employee of your small problem, you will not be able to persuade a assembly wellbeing arrangement. You be obliged to take not at home an entity procedure or rely ahead a spouse’s wellbeing arrangement.

However, if you control two or more employees, you can learn assembly wellbeing insurance
. You need to look into the need in support of a problem wellbeing benefit arrangement. A lovely assembly wellbeing insurance arrangement can be the solitary benefit with the purpose of qualify employees are looking in support of, but it can plus be a major expense in support of your problem.

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Business Credit

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Nine-five percent of the world’s consumers live outside the United States. This vast market provides unique opportunities for small businesses. However, exporting is not without risks. Trade credit insurance can minimize the risk. Doug Collins, regional director – Risk Services NAFTA and International groups unit with Atradius explains how it can protect your business.

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Small Business Insurance Guide

Businesses are not exempt from their need of insurance. This insurance is needed to protect a business against payments in the form of lawsuits, judgments, medical expenses and agreement bonds as a result of injury or damage. Every item a business produces makes the businesses liable for its safety, as every item is capable of causing injury or damage to a consumer’s person or property.

There are many options available to business owners for insurance, which should inspire them to give ample consideration to different coverage and premiums to make sure they are getting exactly what they need. Regardless of what they choose specific to their business’ needs, getting the coverage is a must, as there are many situations which may befall a business, such as lawsuits, natural disasters, deaths or misuse.

Businesses may be held accountable for defective or faulty products, misleading instructions or warnings, carelessness and breakage of express or implied guarantees. These are all things for a business to bear in mind as they select their insurance. Also, the coverage amount, payment charge and type of insurance workers should carry varies according to the state.


Differing to popular ideas, homeowners’ policies do not normally cover home-based business losses and commonly needed insurance areas for home-based businesses. This includes business property, professional liability, personal and advertising injury, loss of business data, crime and theft, and disability.

Additionally, e-insurance frequently covers particular online actions, together with lawsuits resultant from meta tag mistreatment, banner promotion, or electronic copyright infringement. Mandatory in all states except Texas, worker’s reimbursement insurance pays for workers medical expenses and wages if hurt while working. The web based businesses may wish to look into specialized insurance that covers liability for damage done by hackers and viruses.

Insurance protection against catastrophes, like weather-related disasters or fires, is a good investment for a business to make, as these damages can cause a business to close indefinitely or permanently. Crime is, unfortunately, a realistic aspect of any business. Whether it is internal, in the form of embezzlement, or external, in the form of vandalism and theft, these types of crimes are very possible despite lengthy security measures.

Other internal concerns include contingency plans in case a key individual dies, falls ill, or leaves. There is specific insurance, called ‘key person insurance,’ for this situation. Generally this is life insurance which names the corporation as beneficiary. Licensed professionals often need specific protection against financial liability regarding aspects of their job. This includes bodily injury, property damage, medical expenses, cost of defending lawsuits, settlement and investigations, and bonds or judgments. Contacting your local insurance agent can answer all questions about insurance for your business.

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Cover Small Business Insurance Costs via Factoring

The recent economic recession has made running a business a bit challenging, so when it comes to expenses like insurance, many companies believe that it is not necessary. One survey says that as a small business grows, owners have a hard time understanding how much insurance they need.If you are a small businesses in need of insurance but you don’t believe that you can afford it right now, then you might think about how factoring could help provide you with needed cash every month. (Source: The Hiscox USA Small Business Survey of 501 small business executives.) But insurance is a good way for a small business to be prepared for unexpected happenings – like a flood, or fire. That’s why if you are a small business owner, you need to think about protecting your business in case of other bad things that could happen like an unexpected lawsuit, or even the death of a partner or employee.

However, insurance is a good way for a small business to be prepared for unexpected happenings – like a flood, or fire. If you are a small business owner, you need to think about protecting your business in case of other bad things that could happen like an unexpected lawsuit, or even the death of a partner or employee. If you are a small businesses in need of insurance but you don’t believe that you can afford it right now, then you might think about how factoring could help provide you with needed cash every month.


The Hiscox Survey found a few major differences in the insurance needs among small businesses — although 72 percent did agree that when a business is launched, ther owners should purchase insurance as soon as possible. This survey also found: 21 percent of established yet small businesses (annual revenues over ,000,000) versus 9 percent of micro small businesses (annual revenues of less than 0,000) were twice as likely to cite “not understanding how much to insure their business for” as the number one mistake small business owners make when purchasing insurance.

Here are some other facts culled from the survey:

— 45 percent versus 23 percent of micro small businesses are twice as likely to purchase insurance through referrals compared to established small businesses. — 69 percent versus 39 percent of established small businesses are much more likely to purchase insurance through brokers compared to micro small businesses.

What’s more, as your business grows, your insurance needs will change and grow as well. So your company may have outstanding invoices that could be leveraged to help pay for increased insurance costs. simply contact a factoring company and make arrangements to begin factoring invoices. The level of complexity and confusion about the proper amount of insurance coverage that you will need increases along with the growth of your business. Insurance provides the security you will need so you won’t worry.

Don’t be penny wise and pound foolish – because ultimately a lawsuit against your business could be devastating. There are many different types of insurance, but insurance is available for nearly any business risk from worker’s compensation insurance to home-based business insurance. It is important to look at the cost of the premiums and make sure you can justify the coverage for a given risk.

Today a popular type of business insurance is general liability or umbrella liability insurance. This usually covers legal negligence issues and will protect you against bodily injury or property damage, settlement bonds or judgment lawsuits, or medical expenses. so if you are a small business in need of insurance protection, but cannot afford it right now, then think about how factoring could help provide that needed cash every month to cover your payments.

In summary, rather than waiting 30, 60, or 90 days for invoices to be paid, accounts receivable factoring has been around for more than 4,000 years, and it is an extremely fast way to turn your company’s receivables into cash fast, so you can take care of critical needs, like insurance, for your small business.

Kristin Gabriel works with The Interface Financial Group (IFG), a company providing short-term financial resources including invoice factoring, serving clients in more than 30 industries in the United States, Canada, Australia and New Zealand. IFG operates on a local basis with expertise in accounting, finance, law, marketing and banking.

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Types of Small Business Insurance for your Employees

Insurance can cover a variety of catastrophes including natural disasters, fire, and theft. Providing good health coverage for your employees can help you retain them. However, these are not the only types of insurance available. You may be required to carry life, business interruption, or auto insurance depending on the nature of your business. Other types of insurance cover business liability or damage to your inventory

Employee Benefits includes life and health insurance as well as retirement planning for your employees.

Unemployment Insurance covers workers who become unemployed through no fault of their own

Workers’ Compensation and Disability Insurance covers an employee’s loss of income and medical expenses through job-related accidents. The workers’ compensation coverage has two components. First, it covers a worker’s medical expenses and lost wages in the case of a job-related accident, and second, it covers the employer’s liability if the worker decides to sue.


Workers’ compensation rates are based on the payroll, number of employees, and type of business that you operate. You can receive discounts and save money if you offer safety training to avoid accidents, have a drug- and smoke-free environment, and promote a “return-to-work program” to bring employees back to work sooner, even if it is for limited duty or a modified job title.

Employment Practices Liability provides employers protection against lawsuits regarding employee treatment, such as sexual harassment and discrimination. If you have a good system in place or you plan to manage the day-to-day operations of your business personally, then this protection might not be necessary. The coverage may be sensible if you depend on managers to operate your business.

Small Businesses can choose for a Business Owner’s Policy, which covers multiple risks. This policy has restrictions regarding size of the business. Refer to your insurance professional for more information.

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Will Your Small Business Insurance Cover Your Long-Term Needs?

Based upon early June employment data, the economy appears to be experiencing growth in a number of areas (even though it is, undoubtedly, still struggling in the majority of them).  Furthermore, with smaller businesses showing the largest gains in new jobs created, this means that today is the ideal time to re-evaluate your liability insurance  policy if you own a small company. Your current insurance coverage may have been quite adequate for the number of employees, volume of on-site visitors, etc. that were part and parcel to your business during the Great Recession of 2008-10, but it may no longer be sufficient as you widen your scope in a period of expansion.

Making the decision whether or not your policy provides the desirable levels of coverage for your estimated growth calls for a little bit of guess work, but there are a few key factors that, once evaluated, give you a good view of of your firm’s projected needs. Should you anticipate seeing a rise in exposure as a result of a change to any of these elements that affect your firm, then you might want to consider broadening your coverage:

New Regulations

Due to the turbulent political and financial climate we are in, there is an always-present possibility of huge changes in legislation that impact liability insurance for small business owners. Stay up-to-date with changes in legislation that affect your organization, and find out whether or not any of them raise your liability.



Do you plan to grow your staffing as a result of an expansion of your business? If so, this is yet another change that would increase the amount of liability coverage you should have. Many small business proprietors give minimal thought to how changes in the size of their workforce affect their liability, but exposures linked to employees are a major factor in establishing your premium and deductible.

New Products or Services

When a rejuvenated economic environment has prompted you to begin offering new products or services, make sure you review what these additions to your portfolio involve, and be sure that they aren’t generating new liabilities beyond your existing policy. As an illustration, if you operate a small restaurant and have opted to start  providing home delivery, make certain that your general liability insurance policy contains the acceptable coverage for employees and vehicles.

Expanding Your Physical Property

Another typical adaptation that businesses make as they increase in size is relocating their operations to a larger building, or developing their existing one. While all of that added space offers more area for serving clients, holding merchandise, etc., it also adds a significant amount of liability. Make sure you take this into consideration, and change your policy appropriately.

A Few Closing Thoughts

Unfortunately, general liability insurance for small business entrepreneurs just isn’t something that can always remain fixed throughout the life of a policy. As your business changes, so too will the liabilities it will face. Through staying aware of this basic fact, however, you are able to modify your coverage to meet your evolving needs, and make certain that your venture continues to develop and prosper for years to come.

For more useful information on liability insurance for small business  and other issues related to general liability insurance, stop by Darin Mendanor’s site

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Factoring Invoices for Small Business Insurance

Article by Kristin Gabriel

Factoring invoices just may be the new trend insofar as it’s an excellent way for small businesses to be prepared for unexpected events. What if there is a death of a partner or employee, a lawsuit, or a natural disaster? If you are a small business that needs insurance protection, but cannot afford it right now, then think about how invoice factoring for small business could help provide the much needed cash to cover insurance costs.

As we all know, there are many types of insurance for nearly any business risk that you can think of, from worker’s compensation to home-based business insurance. That’s why it’s important to look at the cost of certain premiums then make certain the coverage is justified.

Here’s one example: worker’s comp helps pay for an employees’ medical expenses and missed wages if they get injured while they are on the job. The amount of insurance employers must carry, rate of payment, and what types of employees must be carried varies state by state in the U.S.

There are different needs, for instance, some business owners purchase general liability or umbrella liability insurance, which typically covers legal negligence issues, and protects against bodily injury or property damage,judgments or settlement bonds, medical expenses, or lawsuits.

What’s more, manufacturing companies that distribute retail products have to worry about coverage because they are liable for product safety and defective products. Any service rendered may be capable of personal injury or property damage, defective products, negligence, and breach of an express or implied warranty. Typically, most home business owners don’t realize that homeowners’ insurance policies do not usually cover home-based business losses. This includes personal and advertising injury, loss of business data, crime or theft, disability and property, as well as professional liability insurance.

Of course today, Web-based businesses need specialized insurance that covers liability for damages that might be done by hackers or computer viruses online. There are special e-surance policies that cover specialized online activities, including lawsuits resulting from banner advertising or electronic copyright infringement. There is also insurance that covers losses during fires, or even natural disasters.

Due to today’s economy, many small businesses need insurance protection but can’t afford it. That’s where invoice factoring for small business could help provide that much needed cash every month to cover insurance bills and provide protection.

Factoring has been around for more than 4,000 years and it is an extremely fast way to turn accounts receivables into cash. Rather than waiting 30, 60, or sometimes even 90 days for invoices to be paid, today’s spot factoring services allow you to get cash fast, and for only one invoice at a time.

About the Author

Kristin Gabriel works with The Interface Financial Group,, North America’s largest alternative funding source for small business. The company provides short-term financial resources including invoice factoring, serving clients in more than 30 industries in the United States, Canada, Singapore, Australia and New Zealand.

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