Reginald Chan

Category: Leadership

Leadership by Reginald Chan focuses on thought leadership, ways to become a leader and helping one to become a leader. This is a leader in the making group.

  • Who Benefits From Group Insurance?

    Who Benefits From Group Insurance?

    Insurance benefits are typically what attract quality employees. Compared to individual insurance, you’ll find that group insurance can be more helpful for you and your employees. If you’re thinking of improving your package or the insurance service you offer to your employees, there are many factors to take into consideration first, like budget, typical employee needs, medical benefits, and which group insurance can help you achieve the best coverage. To know who can benefit from group insurance, the following guide will give you a better understanding of that.

    Employers Who Want to Reduce Taxes

    Any astute business owner knows that they must have a good insurance plan in place for their employees, as that can reduce or even exempt them from federal and payroll taxes. Employer-paid premiums are exempt from these types of taxes. In addition to this, your employees’ pay will also be excluded from taxable income, which means that insurance can be quite profitable both for employees and employers. In fact, most American families have group health insurance coverage through their employees for that reason alone.

    Employers Who are Looking for a Budget-Friendly Option

    Life insurance doesn’t have to be out of your price range anymore. There are plenty of solutions available to you and group insurance is one of them. Depending on your needs and business goals, you can pay all, part, or even none of your employees’ benefits. Group life insurance premiums are also based on the assessment of a company’s risk over time. Reducing the risk by spreading it will bring group rates down, which makes group insurance the most affordable option for employers.

    Employers Who Are Trying to Achieve a Large Risk Pool

    One of the main advantages of group insurance, especially group health insurance, is the large number of people who’re receiving its benefits. Naturally, the more people you have included in your group insurance, the lower the prices you’re going to pay and, ultimately, the lower the financial risk you’ll have to shoulder. The group insurance specialists at GroupEnroll.ca explain that this type of insurance has the best of both worlds: lower prices and better coverage. Although you might find some people arguing against that fact, this might not be the norm for most employees in the US.

    Employers Attempting to Improve Their Company Culture

    Many employers consider that building a good company culture is all about creating a healthy environment that promotes the core values of life. Company culture is what motivates employees and increases their satisfaction, which is what most employees aim for through the benefits they offer to employees. Company culture should also help employees feel like they’re an integral part of the company and that they’re valuable. For that reason, you should offer your employees’ group insurance benefits that will show them that you put them first and are trying to provide them with a more secure financial future.

    Employees Seeking Family Protection

    If a household loses their primary wage earner, a negative emotional and financial impact is bound to affect the life in that household for a long time. If there’s no one or no financial resources that said a household can rely on, things may not turn out well. With group life insurance, an employee can rest assured that their family and loved ones are covered in case they pass away unexpectedly. . Financial safety, living expenses, or medical needs should be covered, which will omit any potential financial strain in the future. Group life insurance can be even used to fund a child’s education, which is why you’ll find many employees willing to take a job with that type of insurance.

    Employees Who Are Looking for Dental and Vision Benefits

    It’s not common that employees will find adequate dental and vision benefits along with the job, so that can be an excellent attractant to quality employees. With group dental and vision coverage, employees will have a choice to add more benefits without increasing their expenses. This happens because employees are willing to pay all the costs of voluntary benefits, but they won’t have to if they get the advantage of group rates, which can be offered through a new job with group dental and vision benefits.

    Making the right decisions should be done while considering your benefits as well as your employees’. If you’re looking for top-quality employees, you have to ensure that you provide a top-notch benefits package. On the other hand, if you’re an employee, you’ll need to compare the benefits that each job offers before applying to know which one will suit your needs.

  • What You Need to Know About Product Liability for eCommerce

    What You Need to Know About Product Liability for eCommerce

    There are ways of protecting the company from future concerns of product liability before they arise. Despite enormous disparities, most companies have a similar concern about product liability, brick-and-mortar operations, and virtual storefronts. On your website, a disclaimer claiming that you are not responsible for issues would not protect you from being responsible for the product you sell. But don’t worry, before they happen, there are ways to safeguard your business, online and offline, from potential product liability issues.

    The value of a comprehensive business insurance policy is recognized by most brick-and-mortar retailers. The store owner does not want to be on the hook for an expensive medical bill if a shopper trips and breaks an arm. They want to rest assured that maintenance costs are not going to ruin them if a storm roars in and blows the roof of the joint. In today’s writing, we will look closely at what product liability is and some proven risk reduction techniques. You’ll probably save yourself a lot of grief down the line by doing your due diligence.

    What Is Product Liability?

    Product liability is the responsibility for harm incurred by the product on the part of the manufacturer, supplier, or seller of the product. Product liability-related lawsuits are based on negligence, strict liability, breach of contract, or numerous claims for consumer protection. At the state level, most product liability laws are decided and differ from state to state. Claims for product liability negligence are generally those alleging a design fault, a production defect, or marketing defects due to failure to warn about a possible defect.

    Product liability insurance can help compensate for legal costs, such as attorney fees and judgments against you if property harm, sickness, accident, or death is caused by a product sold at your business. You may face a potentially expensive claim depending on the seriousness of the harm caused by the product or how cantankerous the injured party feels, so product liability insurance can be extremely convenient to have. To defend yourself, let’s look at some of the strategies you should do.

    Deal Only with Trustworthy Suppliers Offering Quality Goods

    As most stores do in one way or another, if you rely on manufacturers and suppliers for your inventory, it can be tempting to go with whoever provides the best price. As a reference, don’t depend on that. The adage “you get what you pay for” might not always be true, but in most cases, it will do you good. Take the time to study the suppliers to make sure they are up to scratch with their credibility, manufacturing capabilities, and efficiency. Convince yourself why, if the price is suspiciously low. Chancing a product liability suit to save a few bucks isn’t worth it.

    Have Your Website With a Detailed Terms and Conditions Page

    The agreement on terms and conditions is a page on a website that sets out the rights and responsibilities of anyone who uses the website. A contract between the site and the user is effectively formed. Terms and conditions often include an explanation or definition of the key terms used in the terms and outline the legal limitations of the owner of the website’s liability for any damage or damage caused during the use of the site.

    A disclaimer indicating that you are not responsible for any concerns relating to your product will not absolve you of any responsibility, but it is a good idea to include a transparent and detailed page of terms and conditions that contains some clauses of limitation-of-liability. As advised by experts from Salvi, Schostok & Pritchard P.C. Chicago, limitation-of-liability provisions limit what a consumer can get from you in case of a product complaint. In other words, you can place a limit on the amount of money that the unsatisfied consumer has the right to earn. Notice that this doesn’t mean it’s enforceable simply because you have a limitation-of-liability clause. It needs to be equitable, transparent, and conspicuous, and enforceability varies by jurisdiction even then. Still, it won’t do any harm to you.

    Provide Detailed and Precise Descriptions of the Goods You Sell

    The degree to which consumers can inspect and communicate with items is one apparent but substantial difference between online and brick-and-mortar retail. In the digital realm, up-close physical inspections are not feasible, meaning customers rely on e-commerce retailers to provide high-quality reliable explanations and images to help them inspect products and decide if they are secure or not. If you’re not careful, it can turn into one big headache and a whole slew of unhappy customers one minor mistake in the way a product is described or advertised.

    Investigate and Comply With Legislation on Consumer Safety

    Never leave a child unattended, for topical use only and includes mature subject matter. These are all examples of advisories on consumer safety or warnings offering information on the risks associated with such goods and services. It is vital to attract new clients to your business, but you need to follow a few rules. Make sure to provide health information on the packaging if you market food items. You should get them approved by a regulatory body first if you sell electronics and want to advertise their energy efficiency. Study the legislation for your business and make sure that all the boxes are ticked.

    Purchase Independent Protections for Product Liability

    If you feel that your company is especially vulnerable to product liability problems, you might want to look into buying separate insurance policies for product liability. Companies that specialize in offering compensation that protects against harm and damages resulting from all sorts of product defects to suppliers, distributors, and sellers. Insurance brokers familiar with product liability will advise you on choosing a risk-covering policy for you. Just make sure to find a good person that knows the organization you are operating.

    Most merchants claim that product liability should not affect them because their product is not overtly harmful. This is a risky way to think. If you run an online store, both your customers and your organization must have a firm grasp of the potential risks. Merchants who neglect product liability are vulnerable to complaints, disputes, and litigation, leaving themselves no remedy but to take full responsibility. Hope this article has shed light on the importance of e-commerce’ product liability.

  • How to Safely Practice Social Distance in an Office?

    How to Safely Practice Social Distance in an Office?

    This year has been anything but ordinary and we are all experiencing the limitations it is posing to our lives. With the pandemic still ongoing, it is becoming clear that the return to offices will be anything but normal for those who do end up heading back into work.

    Even though it won’t be the same, there are some ways that you can help cope with it by helping keep yourself and others safe when you do find yourself walking through those once familiar doors again – social distancing.

    Those two words have dominated the news headlines more than any combination of words in recent memory so you are going to be hearing it a lot when you head back to work. Finding ways to make sure that the office is safe means making sure that social distancing is in full-effect so people can still get their job done, but not at the risk of infecting anyone else. Here are some ways that social distancing can be properly done in the office.

    1. Partitions and Dividers

    The safest way to prevent any spread of disease or bacteria in the workplace is by setting up partitions or dividers. Clear plastic dividers can help workers see and interact with one another even with an obstacle in the way. Using office dividers helps prevent particles from spit or sneezing get anywhere, and when combined with masks, makes the office much safer and gives everyone better peace of mind. These dividers can be set up at desks, between rows, and just about anywhere that needs to be protected because of high traffic use.

    2. Footpath Arrows

    Another simple solution is to make designated walkways with footpath arrows to indicated directions. You have undoubtedly seen this at the grocery store while shopping and all it does is help people know that they must follow the specific path so they can avoid coming into contact with too many people. These arrows will help direct people and reduce the number of high traffic areas to keep the workplace safe. The best part is that the arrows are extremely cheap so they can be added to any office quite easily. It also helps to create a map to help workers know which paths go where.

    3. Cubicles Instead of Open Plan

    Open plan office designs are more than likely a thing of the past for the time being. They looked modern, cool, and sleek but they simply don’t work how they should during a time like this which makes it all the more important to create a workplace that is safe. Just like dividers or partitions, cubicles provide a good sense of security from any spreading of bacteria or contact. The walls can be high to prevent this as well. Cubicles might not be as new and cool or modern as an open plan design, but in this case, it works a lot better.

    4. Space Out Desks

    Even if you can’t afford to use cubicles, it can be valuable to space out desks anyway. This lies in the ability to use the space accordingly, so it only works if you don’t have too many employees returning and there is plenty of floor space to spread desks out. Not only does this let people talk to and see each other, but it is also useful for them in the sense that it creates natural laneways of separation that can help workers avoid coming into close proximity as often as possible.

    5. Reducing Capacity Limits

    Wherever there are problems with too many people crowding around in certain areas, you need to find ways to reduce them. High capacity areas in an office are usually entrances, elevators, stairwells, and kitchen/common areas. If you can effectively manage how many people are going in and out of these spaces, you can reduce the potential spread of bacteria greatly. The use of partitions and footpath arrows is a good start, but you also need to have a schedule for when people can grab their stuff from the kitchen. This can be difficult, but it might be best to tell people to bring food from home and store anything that can be stored out of a fridge near their personal space so they aren’t moving around too much within the office.

    6. Return Essential Staff

    Back to the subject of returning to work, it should be advised that only essential staff comes back first. You never know how much can spread from whom so if people really need to come back into the office for various operations, it should be people who are needed in the office. Managers, bosses, etc. along with the usual cleaning staff are who should return first to keep the space as low populated as possible. Another good idea is to make sure that when others do start returning, that there is a flexible schedule with on-off weeks or days to help the office remain sparsely populated so that the social distancing protocols are still in effect.

    7. Cleaning Stations

    The last one is less about social distancing and more of a way to make sure that everyone has the right supplies to keep themselves and their coworkers safe. A cleaning station is important and it should have enough hand sanitizer, hand soap, disinfectant wipes, extra gloves, and even extra masks just in case. It should be advised that people use their own sanitizing products that they brought from home to make sure that germs aren’t spreading from surface to surface, but it can help out to have some around the office just in case anyone needs them.

    The words social distancing didn’t mean much just one year ago, but it seems to be all we have talked about in 2020, among a few other things. There is no doubt that social distancing is important for keeping bacteria from spreading so it is important. Using these techniques, any office can be a safe place for work to resume and prevent anyone from getting sick.

  • How to Minimize the Risk of Being Involved in a Cybercrime?

    How to Minimize the Risk of Being Involved in a Cybercrime?

    The internet provides a lot of opportunities for business operators who offer online services. However, the downside of operating your business online is that it will be vulnerable to an array of cybercrimes that can impact you, your employees, and your business. Cyber attacks are widespread, and it seems the trend is increasing. The most effective option available at the moment is to try to reduce the chances of being a victim or part of the cybercrime racket. Read on to learn how to minimize the risk of being involved in cybercrime. 

    Backup Your Data

    The chances of losing your valuable data after a cyberattack are very high, and this can lead to devastating consequences. To avoid such a scenario, it is essential to backup your data so that you can retrieve it if your system is compromised. You can use external media like memory sticks, compact discs, or external hard drives to store vital information about your business. However, cloud services are more secure for backing up your data since the servers are located away from your business premises and in a safe environment. The other advantage of backing your data in the cloud is that the method is very convenient. You can access your information from anywhere as long as you have access to the internet. This gives you the flexibility to work from anywhere too.  

    Protect Your Business

    Several businesses suffer cyber-attacks ranging from phishing, payment scams, malware, and ransomware which can all result in small companies losing a lot of money. Cybercriminals target businesses that are not fully protected, and you can be a victim anytime. To prevent cybercrime, it is essential to protect your business. You need to consult cyber security services to get insight into the necessary measures that you need to take to reduce the risk of financial losses, find out how to protect your brand, and prevent disruption to your business. You should also ensure that you install the latest antivirus software on your mobile devices and systems that are constantly in use. Cybercriminals target flaws in your software to access your system. Therefore, patching those gaps will help prevent you from becoming an easy target. 

    Do Not Open Suspicious Promotional Messages

    It is essential to activate the spam alert feature that helps to screen the emails that come through your inbox. It is not surprising that every day you receive several emails from unknown addresses, and the senders are usually offering lucrative deals that are just too good to believe. Some of the offers may be so tempting that you may feel like giving it a go, but that is the worst thing you can ever do. For instance, you may receive an email notifying you that you have won the lottery, and you should provide your banking details to facilitate payment processing. 

    The moment you supply your details to the unknown sender of the email, you will have compromised your cybersecurity. This is just one of the smart techniques used by scammers to steal your information, which they can then use to commit various cybercrimes. When the scammer gets your private information, they can use it to defraud other people or access quick loans which will negatively affect your financial status. Therefore, you must avoid opening suspicious emails at all costs. Just delete them without bothering yourself about the contents if you want to enjoy peace of mind and guaranteed security against cybercrime. You should also ensure that you do not open links on emails that you have not been expecting.  

    Secure Your Accounts With Strong Passwords 

    You should ensure that you secure all your accounts with strong passwords and update them regularly to avoid phishing and scamming threats. The other important thing to do is avoid sharing your password even with someone you trust. When you are using public networks like in internet cafes, it is advisable not to perform critical transactions such as online banking. Once the details of your business leak, you become vulnerable to ransomware attacks. 

    Identity theft happens everywhere, so the onus is on you to ensure that your valuable information is safe. The cybercriminals can block entire systems within your business and solicit a ransom for them before you regain access to your critical data. Many people are losing their hard-earned money through ransomware, so avoid being a victim by protecting your business accounts.  

    Respect Copyright Laws

    Cybercrime does not necessarily mean that you are always the victim. You need to be vigilant and try to avoid committing acts of cybercrime intentionally or unintentionally. For instance, plagiarism is a common and punishable offense, but some people commit this crime unknowingly. The internet is awash with information that you may want, but it is crucial to acknowledge the source if you are using other people’s ideas. Copyright laws help to protect intellectual property (IP) as a way of safeguarding other individuals’ work. You should avoid using other people’s ideas as yours since this is a crime.  

    The same applies to trademarks that help to protect other businesses’ brands. Some unscrupulous business operators flood the market with copycat products that ultimately affect the performance of the original brand on the market. When you are operating a business, you should make sure that you have a unique brand name to avoid violating the interests of other brands.  

    Know-How to Report Cybercrime

    If you become the latest victim of cybercrime, you need to report the case immediately to your local police or the Federal Trade Commission. You may also want to enable a credit freeze or fraud alert so that your account is not tampered with. The creditors will contact you so you can create new passwords and PINs for your compromised account. 

    Reported cases of cybercrimes in different media are very common, and they are constantly increasing. Cybercrime involves various activities like hacking, scams, phishing, ransomware, and identity theft among others. Cybercriminals usually target small businesses because they know that they lack adequate protection. There are several measures that you can take to minimize the risk of being involved in cybercrime. More importantly, you need to ensure that your business has sufficient protection to prevent unauthorized persons from accessing it. Follow our simple tips, and your small business will be much more secure.