Overcoming HR Distrust

HR performs several functions that are necessary for small businesses including employee recruitment, onboarding, training, payroll and benefits, compliance and employee relations. Despite the value that HR professionals provide to employees, many small businesses find it difficult to maintain these teams’ credibility among workers. A report from Secure Data Recovery found that more than a…

5 Cost-Cutting Tips for Small Businesses

Reducing expenses may be essential for any organization, but it’s especially important for small businesses since they typically have fewer resources than larger employers. Instead of cutting costs randomly or conducting unnecessary layoffs, successful organizations tend to optimize their resources strategically. Savvy small businesses can identify areas to reduce expenses without compromising productivity or future…

Lithium-Ion Batteries May Cause Fire Hazard

The number of fires stemming from the lithium-ion batteries commonly found in electronic bikes (e-bikes) is rapidly rising, according to the National Fire Protection Association. In 2022, at least 19 people died in the United States because of fires or overheating incidents related to battery-powered products. In New York City alone, the batteries caused 216…

Managing Electric Vehicle Risks in Parking Structures

The popularity of electric vehicles (EVs) has been steadily increasing as consumers and the automotive industry move away from standard internal combustion engines. The U.S. Energy Information Administration reported that the sale of hybrid, plug-in electric and battery electric vehicles in the United States accounted for 16.3% of total new light-duty vehicle sales in 2023,…

Replacement Cost Value and Your Mortgage

In order to get a mortgage on a condominium, the condominium association has to have sufficient insurance. Unit owners are tasked with getting a certificate of insurance from the insurance agent and providing it to the mortgage company on an annual basis. Mortgage companies have gotten stricter with their requirements. Now lenders provide lists of…