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Tips for Small Businesses That Plan to Hire in 2014

29. January 2014 09:11

Job applicants waiting in interview purgatory.

If you need any more proof that small businesses make up the backbone of America, take a look at the numbers from last month’s ADP National Employment Report: Small businesses (those with 50 employers or fewer) singlehandedly added 108,000 of the 238,000 new jobs in December.

Large businesses (those with 500 or more employees) only added 71,000 new jobs.

These numbers look good for small businesses, but they look even better for the overall economy. According to “Small Businesses Take the Lead in December Hiring” on the FoxBusiness website, experts predict that unemployment could drop to 6.5% by the end of this year – if the numbers stay comparable to December’s.

Is your business thinking about expanding its workforce in 2014? Even a single additional employee can necessitate changes to your small business insurance protection plan. Read on to learn how to grow your insurance coverage so it covers your workforce.

Workers’ Compensation Insurance and EPLI Considerations for Growing Small Businesses

Whenever you hire a new employee – whether it’s your first or your twentieth worker – your liability risk tends to increase. Why? Because more people means more potential for injuries – both physical and personal. Check out the following tips to help mitigate your business’s new-employee risk:

The end of 2013 marked the greatest increase in new jobs for small businesses since the beginning of 2012. Keep up the good work!

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Tags:

How to Grow Your Business | Risk Management | Small Business Risk Management | Tips for All Small Businesses

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