Getting Paid by Foreign Buyers: How to Choose the Right Export Payment Method
Match the payment method to each deal — cash in advance, LC, documentary collection, or insured open account — so one default never wipes out your margin.
#risk-management
Risk Management
Strategies for identifying and mitigating business risks including insurance
The Sewer Backup Endorsement: The $40-to-$160 Add-On That Covers the Flood Neither Your Property Policy nor Flood Insurance Touches
A $40-to-$160 water backup endorsement buys back sewer-drain coverage every standard policy excludes — buy a $25,000 limit for a finished basement.
You Just Got a Cease-and-Desist Letter: What to Do in the First 48 Hours
A cease-and-desist letter is not a court order. Verify the claim, preserve evidence, and reply on your timeline; silence or a hasty apology can cost you.
Can You Run a Credit Check on Job Applicants? State Bans and FCRA Rules for Small Employers
Eleven US states now bar most employer credit checks. Where they stay legal, the FCRA requires written disclosure, consent and adverse action notices.
Where to Keep Business Cash Above the $250,000 FDIC Limit
Business deposits above $250,000 per bank are uninsured. Split cash across banks, use ICS or CDARS sweeps, or hold T-bills to close the gap.
Event Cancellation Insurance: What It Covers, What It Excludes, and How to Set Your Limit
Event cancellation insurance repays sunk deposits and lost revenue when disaster strikes — but disease, weak sales, and late buys are excluded.
Hired and Non-Owned Auto Insurance: Who Pays When Employees Drive Their Own Cars
If an employee crashes their own car on a work errand, your business can be sued. HNOA covers that liability gap — what it covers, excludes and costs.
Oyster Farm Bookkeeping: Why Your 10-Year Aquaculture Lease Is a Balance-Sheet Asset
A 10-year oyster lease books as an ASC 842 right-of-use asset; 12-month grow-out costs track by cohort until harvest.
Trade Secrets, NDAs, and the Employee Exit Checklist for Small Businesses
Trade secret protection isn't automatic: courts ask what you did to keep it secret. Signed NDAs with the DTSA notice and a 7-step exit checklist prove it.
Your Ocean Carrier Owes You $500 Per Package — Even When It's Their Fault
COGSA caps ocean carrier payouts at $500 per package even when the carrier is at fault — only cargo insurance covers the gap.
NYC's Click-to-Cancel Rule Is Now in Effect: What Subscription Sellers Must Do to Comply
NYC's click-to-cancel rule is live: online cancellation is mandatory, renewals need 15-to-45-day notice, and fines run $525 to $3,500 per violation.
Pet-Sitting Insurance: Why Care, Custody, and Control Coverage Matters More Than General Liability
General liability excludes pets in your care; a $100–$300 CCC endorsement closes the gap. Deduct premiums on IRS Schedule C, Line 15.