Did you know, between 36-56% of small businesses are involved in some type of litigation every year? And of those, 25% of judgments cost those businesses an average $500,000 or more? For most small businesses, a $500,000 expense is a huge financial detriment, and could even mean the end of the business.
It’s been a crazy/scary/sad/confusing/you-name-it past several weeks for businesses across Massachusetts, the country, and the world. Some of you may have limited operations; some of you may be shut down; some of you may still be operational but are having a hard time making sales because nobody is buying anything right now.
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If you’re a nanny or au pair, I’m sure you’ve realized you are your own human resources department. There’s no orientation, no specific policies and procedures to follow, and nobody looking out for you, making sure you sign up for the proper insurance policies and coverages — that’s all up to you.