#risk-management
Strategies for identifying and mitigating business risks including insurance
Equipment breakdown insurance pays for internal failures your property policy excludes — typically $25–$50 a year per $50,000 of equipment, spoilage included.
Liquidated damages = daily rate × days late. Cap them at 5–10% of contract price, define excusable delays, and book them under ASC 606, not as expenses.
General liability won't cover your own inflatables in transit. The four-policy stack bounce house renters need, and how to book premiums under IRS rules.
The U.S. FCPA covers small exporters too: a foreign agent's bribe can be yours, grease payments rarely qualify, and clean books are your best defense.
Playing a DVD or Netflix for customers is a public performance: fines run $750–$150,000 per film, while an MPLC umbrella license costs about $1,000 a year.
Three copies, two media types, one off-site: the 3-2-1 backup rule plus immutable copies and monthly restore tests that survive ransomware.
A charging order diverts your LLC distributions to a personal creditor — but can't force payouts or seize company assets. Solo owners get less protection.
Every business phone system must dial 911 with no prefix and send a dispatchable location — address plus floor, suite, or room — or face FCC fines.
An EEOC charge is an allegation, not a verdict: block retaliation, file a documented position statement in ~30 days, and weigh free mediation (70%+ settle).
A GMP contract caps a cost-plus job: the owner pays actual costs plus fee up to the ceiling, and the contractor absorbs overruns unless a change order moves it.
Under the FTC Safeguards Rule, bookkeepers must keep a written security plan with MFA and encryption. Ask these 10 questions before granting access.
A UCC lien search shows which lenders hold security interests in a seller's assets. Search the state of organization, then run a bring-down before closing.
