Charles Spinelli

  istockphoto.com  Charles Spinelli: What Workers' Comp Means for Business Workers' compensation, otherwise known as workers' comp (or worker comp), is a federal program. According to Charles Spinelli, this program gives benefits to employees who become ill or get injured on the job. Worker's comp is a disability insurance program that provides healthcare benefits, cash benefits, or both to workers who get hurt as a direct result of doing their jobs.   In the U.S., states typically handle workers' compensation. The required benefits vary from state to state.   Take, for instance, Texas, which is currently the only state that does not require employers to have workers' compensation insurance. In other states, not all employees are covered by worker's comp. Some states exclude small businesses from the mandate entirely.   The Department of Labor has the Office of Workers' Compensation Programs. The office covers federal and energy employees, longshoremen a...

  images.pexels.com Charles Spinelli: Why Use a Business Line of Credit Companies can apply for business lines of credit at traditional financial institutions. Once they qualify, they have access to the funds up to their credit limit. For instance, if a business needs funds to buy equipment or make payroll, it can borrow against the credit line and pay interest only on the borrowed amount. Benefits of a business line of credit Poor cash flow is the main obstacle to business growth, and it's one of the leading factors in business failures. Charles Spinelli notes that a business line of credit can provide the funds to help address financial problems that could limit a company's success. For instance, office equipment needs replacing, or clients pay late. The stress of trying to meet financial obligations can take its toll on the business. With a business line of credit, companies can manage their cash flow. Owners can make confident decisions because they have access to funds whe...